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please read carefully Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its
please read carefully
Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Credit Debit 290,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 245,000 45,000 b. 160,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 125,000 35,000 44,500 15,500 82,600 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,600 53,000 30,000 d. 140,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 78,000 62,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $793,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 4 How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares Total paid-in capital 3. Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 4 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $793,000? Book Value per Common Share Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common shareStep by Step Solution
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