Kinkald Company was incorporated at the beginning of this year and had a number of transactions. The following journal e

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Kinkald Company Was Incorporated At The Beginning Of This Year And Had A Number Of Transactions The Following Journal E 1 (33.76 KiB) Viewed 25 times

Kinkald Company 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, Transaction General Journal Debit Credit a. Cash 300,000 Common Stock, 525 Par Value 250.000 Paid In Capital in Excess of Par Value, Connon Stock 50,000 Organization Expenses 150,000 Common Stock, 525 Par Value 125,000 Paid in Capital in Excess of Par Value, Common Stock 25,000 Cash 45.00 Accounts Receivable 15.000 Building 51,500 Notes Payable 59,500 Common Stock, 525 Par Value 50,000 Paid In Capital in Excess of Par Valve, Common Stock 30,000 Cash 120,000 Con Stock, $25 Par Value 75,000 Pald-In Capital in excess of Par Value. Connon Stock 45,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid in capital at year-end? 2 Number of outstanding shares 3 Total pald-in capital