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accouting: topic in equity Kinkald...

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Accounting

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Kinkald 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. Debit 298,e88 Credit a. Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Pr Value, Cosmon Stock 248,880 58,088 b. organization Expenses 198,e88 13e,880 68,888 Common Stock, $25 Par Value Paid-In Capital in Excess of Pr Value, Cosmon Stock Cash Accounts Receivable Buiiding 44,588 19,88e 82,700 Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,680 56, 686 30,88 Cash 132,8ee Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,086 56,88

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