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Kinkaid Co. was incorporated at the beginning of this year and had a number of...

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Accounting

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.

General Journal Debit Credit
a. Cash 300,000
Common Stock, $25 Par Value 235,000
Paid-In Capital in Excess of Par Value, Common Stock 65,000
b. Organization Expenses 190,000
Common Stock, $25 Par Value 129,000
Paid-In Capital in Excess of Par Value, Common Stock 61,000
c. Cash 46,000
Accounts Receivable 18,500
Building 82,900
Notes Payable 59,700
Common Stock, $25 Par Value 57,700
Paid-In Capital in Excess of Par Value, Common Stock 30,000
d. Cash 146,000
Common Stock, $25 Par Value 80,000
Paid-In Capital in Excess of Par Value, Common Stock 66,000

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 $798,000?

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