FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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During its first year of operations, Splish Brothers Inc. had these transactions pertaining to its common stock. Jan 10 Issued 41.500 shares for cash at $6 per share. Issued 71,500 shares for cash at $9 per share. July (a) 1 Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Date Debit Credit A
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Transcribed Image Text:During its first year of operations, Splish Brothers Inc. had these transactions pertaining to its common stock. Jan 10 Issued 41.500 shares for cash at $6 per share. Issued 71,500 shares for cash at $9 per share. July (a) 1 Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Date Debit Credit A
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