Question: Problem 11-1A Stockholders' equity transactions and analysis LO C2, P1 Kinkaid Co. is incorporated at the beginning of this year and engages in a number


Problem 11-1A Stockholders' equity transactions and analysis LO C2, P1 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. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Debit 300,000 Credit 250,000 50,000 150,000 125,000 25,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of 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 43,000 15,000 81,500 59,500 50,000 30,000 120,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 75,000 45,000 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 $695,000? 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 $695,000? Complete this question by entering your answers in the tabs below. Req 2 to 4 Reg 5 How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on par value) at year-end? What is the total paid-in capital at year-end? 3. 4. Number of outstanding shares Minimum legal capital Total paid-in capital Reg 2 to 4 Req5 > 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 pald-in capital plus retained earnings equals $695,000? Complete this question by entering your answers in the tabs below Req 2 to 4 Reg 5 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $695,000? Book Value per Common Share 1 Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share
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