19 hoh Bet Saved Help Save Chei The following is a news item reported by Reuters: WASHINGTON, Jan 29 (Reuters) -- Wright Medical Group, a maker of reconstructive Implants for knees and hips, on Tuesday filed to sell 3 million shares of common stock. In a filing with the U.S. Securities and Exchange Commission, it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development, and acquisitions. After the sale there will be about 315 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing Wright shares closed at $1715 on Nasdaq. The common stock of Wright Medical Group has a par of $0.01 per share. Required: Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet > 1 Record the issuance of the new stock. Note: Enter debits before credits Apple Bing Google Yahoo www.ball.pl Web Am Suffok Un S Bet Home 194722 Help Save Savu er 18 ---- ---- share issue costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1