Problem 11 1a Stockholders Equity Transactions And Analysis Lo P1 A4 Kinkaid Co Was Incorporated At The Beginning Of 1 (173.67 KiB) Viewed 48 times
Problem 11 1a Stockholders Equity Transactions And Analysis Lo P1 A4 Kinkaid Co Was Incorporated At The Beginning Of 2 (38.42 KiB) Viewed 48 times
Problem 11-1A 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. Credit General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Debit 270,000 a. 230,000 40,000 b. 160,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 126,000 34,000 c. 44,500 17,500 81,600 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,800 53,800 30,000 d. 147,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 80,000 67,000 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 $798,000?
Req 2 and 3 Req 4 How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares Total paid-in capital 19,592 489,800 3. $
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