Final answer:
Splish Inc. engaged in sales transactions on July 1, 2025, by recording two sales, which signifies the exchange of goods or services for payment.
Step-by-step explanation:
On July 1, 2025, Splish Inc. recorded two sales. The type of transactions Splish Inc. engaged in on that date are classified as C) Sales. In the context of business accounting, a sale refers to the exchange of goods or services for money or its equivalent. It's a revenue-generating activity that involves providing customers with a product or service that they have purchased.
The act of recording sales implies that Splish Inc. received orders and processed them accordingly which may involve invoicing and receiving payment from customers. This is distinct from acquisitions, which involve obtaining assets expenditures which are costs incurred in operating a business and donations which are voluntary transfers of assets without receiving something of comparable value in return.