Question 2 of 6 View Policies Current Attempt in Progress 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. July 1 Issued 71,500 shares for cash at $9 per share. (a) Date 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 -/1.7 Debit 13 : Credit 2

Transcribed Image Text:

-/1.7 Question 2 of 6 View Policies Current Attempt in Progress 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. July 1 Issued 71,500 shares for cash at $9 per share. (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 A -/1.7 Question 2 of 6 View Policies Current Attempt in Progress 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. July 1 Issued 71,500 shares for cash at $9 per share. (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 A