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 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 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 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 pald-in capital at year-end? Debit 300,000 190,000 44,000 17,500 82,300 131,999 Credit 245,000 55,000 129,000 61,000 59,800 54,000 30,009 78,000 53,000
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 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 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 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 pald-in capital at year-end? Debit 300,000 190,000 44,000 17,500 82,300 131,999 Credit 245,000 55,000 129,000 61,000 59,800 54,000 30,009 78,000 53,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
8.
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 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
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
3. What is the total pald-in capital at year-end?
2. Number of outstanding shares
3. Total paid-in capital
year-end?
Debit
300,000
190,000
44,000
17,500
82,300
131,000
Credit
245,000
55,000
129,000
61,000
59,800
54,000
30,000
78,000
53,000
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