[julie13]

How do I prepare adjusting entries to reflect a through f and then post these entries to the accounts in the ledger?

[Smith21000]

What is a - f?

[julie13]

This is a chapter 3 serial number in the Fundamental Accounting Principles book. First it says to prepare journal entries for each transaction and then to prepare adjusting entries to reflect a through f. Then post those entries to the accounts in the ledger.

Do you have this book?

Help me please!!

[Smith21000]

I'm sorry but I have no idea what book your talking about.

[julie13]

Its for Accounting 101, the book is called Fundamental Accounting Principles 18th edition.

[Superfly999]

Well, I would suggest you post what the actual values of a through f and any information, that goes along with the question you are asking, from your book so that we can help you with your question. Although this forum section is dealing with accounting it doesn't mean we use the same book and/or use a book to help you.

[jessica_a]

You seriously need to start reading your textbooks lol

[bba8yq]

Gobo Logos 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:
a. Cash 195,000
Common Stock, $20 Par Value 150,000
Contributed Capital in Excess of
Par Value, Common Stock 45,000

b. Patent 52,000
Common Stock, $20 Par Value 40,000
Contributed Capital in Excess of
Par Value, Common Stock 12,000

c. Cash 21,000
Land 85,000
Building 160,000
Mortgage Payable 70,000
Common Stock, $20 Par Value 140,000
Contributed Capital in Excess of
Par Value, Common Stock 56,000

d. Cash 140,000
Common Stock, $20 Par Value 100,000
Contributed Capital in Excess of
Par Value, Common Stock 40,000

Required
1. Explain each journal entry a through d.
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 contributed capital at year-end?
5. What is the book value per share of the common stock at year-end if contributed capital plus retained earnings equals $767,550?