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Thanks for the help! Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries

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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 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 230,000 60,000 b. 150,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 23,000 44,500 17,000 82,300 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 60,000 53,800 30,000 d. 130,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 79,000 51.000 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 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 $795,000

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