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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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