Answer Happy

8 0.25 points Kinkaid 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 a. b C. d. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess Par Value, Common Stock Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? X Answer is complete but not entirely correct. 2. Number of outstanding shares 3. Total paid-in capital 20,280 x 687,000 Debit 300,000 150,000 44,000 18,500 82,800 147,000 Credit 240,000 60,000 130,000 20,000 60,000 55,300 30,000 77,000 70,000