Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 13-1A Stockholders' equity transactions and analysis LO P1, A4 Kinkaid Co. was incorporated at the beginning of this year and had a number of

image text in transcribed
image text in transcribed
image text in transcribed
Problem 13-1A Stockholders' equity transactions and analysis LO P1, A4 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, General Journal Debit Credit Canh 300,000 Common Stock, $25 Tar Value 245,000 Paid-In Capital in Excess of Par Valon, Connon Stock 55,000 Organization Expenses 150,000 Connon stock, $25 Par Value 125,000 Paid-In Capital in Excess of Par Value, Common Stock 25,000 0. 45.000 16.500 82,000 Cash Accounts Receivable Building Notes Payable Common Stock$25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59.900 53,700 30,000 139.000 Canh Common stock, 525 Par Value Paid-In Capital in ExceR of Par Value, Connon stock 76,000 63.000 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 $795.000? 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 $795,000 Complete this question by entering your answers in the tabs below. Reg 2 and 3 Reg 4 How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 2 3. Number of outstanding shares Total paid-in capital Reg 4 > 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 $795,000? Complete this question by entering your answers in the tabs below. Reg 2 and 3 Reg 4 What is the book value per share of the common stock at year-end if total pald-in capital plus retained earnings equals $795,000? Book Value per Common Share 1 Choose Denominator Choose Numerator Book Value per Common Share Book value per common share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Lean Audit The 20 Keys To World Class Operations A Health Check For Factory And Office

Authors: Joerg Muenzing

1st Edition

1514817829, 978-1514817827

More Books

Students also viewed these Accounting questions

Question

1. Organize and support your main points

Answered: 1 week ago

Question

3. Move smoothly from point to point

Answered: 1 week ago

Question

5. Develop a strong introduction, a crucial part of all speeches

Answered: 1 week ago