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Business, 14.05.2021 23:40 anaclaramigli

Splish Brothers Inc. began operations on April 1 by issuing 52,300 shares of $5 par value common stock for cash at $15 per share. On April 19, it issued 1,800 shares of common stock to attorneys in settlement of their bill of $28,900 for organization costs. In addition, Splish Brothers issued 1,100 shares of $1 par value preferred stock for $6 cash per share. Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded.

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Splish Brothers Inc. began operations on April 1 by issuing 52,300 shares of $5 par value common sto...
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