Question

Chapter 11 Problems i Saved 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. 1.66 points Debit 270,000 Credit a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 245,000 25,000 Skipped b. 170,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 128,000 42,000 eBook 43,000 16,500 81,700 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Print 59,800 51,400 30,000 d. 146,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 80,000 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 $793,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Reg 4 How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares 3. Total paid-in capital Req 2 and 3 Req 4 >

Answer 1

2) No of outstanding share

a	245000
b	128000
c	51400
d	80000
Total	504400
Par value per share	25
Share outstanding	20176

3) Total paid in capital = 270000+170000+51400+30000+146000 = 667400

4) Book value per share = (667400+793000)/20176 = 72.38 per share