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Splish Company purchased 12,000 ordinary shares of Kenyon Co., paying $20 per share plus $1,900 in broker fees. Splish plans to actively trade this investment. Prepare the entry to record this investment. (Credit account titles are automatically indented when the 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 Cash eTextbook and Media Debit Credit

Splish Company purchased 12,000 ordinary shares of Kenyon Co., paying $20 per share plus $1,900 in broker fees. Splish plans to actively trade this investment. Prepare the entry to record this investment. (Credit account titles are automatically indented when the 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 Cash eTextbook and Media Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Splish Company purchased 12,000 ordinary shares of Kenyon Co., paying $20 per share plus $1,900 in broker fees. Splish plans to actively trade this investment. Prepare the entry to record this investment. (Credit account titles are automatically indented when the 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 Cash eTextbook and Media Debit Credit
Transcribed Image Text:Splish Company purchased 12,000 ordinary shares of Kenyon Co., paying $20 per share plus $1,900 in broker fees. Splish plans to actively trade this investment. Prepare the entry to record this investment. (Credit account titles are automatically indented when the 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 Cash eTextbook and Media Debit Credit
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