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Accounting question. Please show work. Thanks. The following was in the nancial press pertaining to Florence Inc.: Florence Inc. stock was sold for $34 per

Accounting question. Please show work. Thanks.

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The following was in the nancial press pertaining to Florence Inc.: Florence Inc. stock was sold for $34 per share during its opening day oftrading. Florence Inc. sold 60 million shares at its IPO. 2. Record the issuance of stock, assuming the common stock had a par value of $1 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 5,000,000 should be entered as 5).) Journal entry worksheet Record the issuance of stock, assuming the common stock had a par value of $1 per share. Note: Enter debits before credits

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