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Problem 11-1A Stockholders' equity transactions and analysis LO C2, P1 Kinkaid Co. is incorporated at the beginning of this year and engages in a number
Problem 11-1A Stockholders' equity transactions and analysis LO C2, P1 Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations, Credit Debit 290,000 General Journal Cash Conmon Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 230,000 60,000 DOK b. 190,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 61,000 int 43,500 16,000 82,300 ences Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 52,100 30,000 d. 137,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 79,000 58,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the amount of minimum legal capital (based on par value) at year-end? 4. What is the total pald-in capital at year-end? 5. What is the book value per share of the common stock at year-end if total paid.in capital plus retained earnings equals $786,000 Complete this question by entering your answers in the tabs below. Req 2 to 4 Req 5
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