Question

Journal entry for accounting.

Answer 1

1. The number of shares outstanding at the end of the period is 19,604 shares.

2. The total paid-in capital is $726,100.

What is the total paid-in capital?

The total paid-in capital is the sum of the total common stock at par value and the paid-in capital in excess (that is, the excess received over the par value).

Data and Calculations:

Par value = $25

Total Common Stock = $490,100 ($230,000 + $127,000 + $53,100 + $80,000)

Number of outstanding shares = 19,604 ($490,100/$25)

Thus, the number of outstanding shares can be determined by dividing the total value of the common stock by the par value.

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