Question

NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :)

Problem 13-1A 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 Debit 290,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 240,000 50,000 b. 180,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 53,000 44,000 18,500 82,200 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 60,000 54,700 30,000 d. 130,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 79,000 51,000 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 $782,000?

Answer 1

2
Number of outstanding shares	20028	=(240000+127000+54700+79000)/25
3
Total paid-in Capital	684700	=(20028*25)+50000+53000+30000+51000
4
Book value per common share
Choose Numerator	/	Choose Denominator	=	Book value per common share
Stockholders' Equity applicable to Common shares	/	Number of common shares outstanding	=	Book value per common share
782000	/	20028	=	39.05