Question
During its first year of operations, Splish Brothers Inc. had the following transactions pertaining to its common stock. Jan.10Issued 71,500 shares for cash at $6
During its first year of operations, Splish Brothers Inc. had the following transactions pertaining to its common stock.
Jan.10Issued 71,500 shares for cash at $6 per share.
July 1Issued 41,500 shares for cash at $9 per share.
Journalize the transactions, assuming that the common stock has a par value of $6 per share.
| Date | Account Titles and Explanation | Debit | Credit |
|---|---|---|---|
| Choose a transaction date | |||
| Choose a transaction date | |||
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Accounting Information For Decisions
Authors: Robert Ingram, Thomas L. Albright, Bruce A. Baldwin, John Hill
1st Edition
0538815388, 978-0538815383
