During its first year of operations, Splish Brothers Inc. had these transactions pertaining to its common stock 10 Issued 41.500 shares for cash at $6 per share. 1 Issued 71,500 shares for cash at $9 per share. Jan July (a) 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.) Date Account Titles and Explanation Debit Credit
During its first year of operations, Splish Brothers Inc. had these transactions pertaining to its common stock 10 Issued 41.500 shares for cash at $6 per share. 1 Issued 71,500 shares for cash at $9 per share. Jan July (a) 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.) Date Account Titles and Explanation Debit Credit
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 10M
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc284736a-ec13-4483-9a71-a221e8520063%2Fe41b6358-957c-4c00-88c5-1b4dbc56e7fe%2Fmoaf8m_processed.jpeg&w=3840&q=75)
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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