Description of this paper

Saint ACC202 module 1 homework




Question;1.;value:10.00 points;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;Debit;Credit;a.;Cash;270,000;Common;Stock, $25 Par Value;240,000;Paid-In;Capital in Excess of Par Value, Common Stock;30,000;b.;Organization;Expenses;180,000;Common;Stock, $25 Par Value;127,000;Paid-In;Capital in Excess of Par Value, Common Stock;53,000;c.;Cash;45,000;Accounts;Receivable;17,000;Building;82,500;Notes;Payable;59,500;Common;Stock, $25 Par Value;55,000;Paid-In;Capital in Excess of Par Value, Common Stock;30,000;d.;Cash;124,000;Common;Stock, $25 Par Value;80,000;Paid-In;Capital in Excess of Par Value, Common Stock;44,000;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 $790,000?


Paper#39302 | Written in 18-Jul-2015

Price : $21