Help View Review Formulas Data Page Layout Insert Home X Cut Copy Wrap Text General -12 Calibri Condition Formattirm $ - % 9 E E Merge 8& Center BIU- Format Painter Number Alignment Cipboard Fent M. Directions: Complete the accounting equation and problems below based off the information and transactions provided Background Information: Kristof was is newly formed, has 60,000 shares of $15 par common stock authorized. March 1, 2018 Kristoff issued 7,000 shares of stock for $18 per share May 2nd, an additional 12,000 shares at $20 per share were issued A) Complete the accounting equation Kristof Accounting Equation Balance Sheet Liabilities Income Statement Event Stockholders Equity + Common Stoc+ PIC in Excess $ 105,000 $ 180,000 $ 285,000 Assets Cash Revenue Expense Net Income 1-Mar 2-May Total al Determine the amount Kristoff would report for common stock on December 31.2018. b Determine the amount Kristoff would report for pald-in capital in excess of par. c) What is the total amount of capital distributed by the owners? d) What amount of total assets would Kristoff report on the December 21,2018 balance sheet? Common Stock Pald in Capital in excess of par Total Paid-in Capital Total Assets 5 c) 5 d) Problem 5.1 Problem 5.2 Problem 53 Problem 54 Problem 5.5 Problem 5.6 Type here to search