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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

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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 of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. General Journal Debit Credit a. Cash 310,000 Common Stock, $25 Par Value 240,000 Paid-In Capital in Excess of Par Value, Common 70,000 Stock b. 160,000 126,000 Organization Expenses Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 34,000 43,500 18,500 81,800 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,900 53,900 30,000 d. 145,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 69,000 Required: 2. How many shares of common stock are outstanding at year-end? 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 paid-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 $787,000? Complete this question by entering your answers in the tabs below. Req 2 to 4 Reg 5 How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on par value) at year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares 3. Minimum legal capital 4 Total paid-in capital RD Req5 > Req 2 to 4 Req5 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $787,000? Book Value per Common Share 1 Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share (Reg 2 to 4

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