Problem 15-6 (Part Level Submission)

Splish Company has the following stockholders equity accounts at December 31, 2017.

Common Stock ($100 par value, authorized 8,600 shares)		$455,100
Retained Earnings		314,100

Prepare entries in journal form to record the following transactions, which took place during 2018. (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 0 for the amounts.)

(1)		260 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.)
(2)		A $19 per share cash dividend was declared.
(3)		The dividend declared in (2) above was paid.
(4)		The treasury shares purchased in (1) above were resold at $103 per share.
(5)		550 shares of outstanding stock were purchased at $106 per share.
(6)		370 of the shares purchased in (5) above were resold at $96 per share.