Knowledge Check 01 Todd Corporation sold 4 million of Its $1 par common shares at $6 per share. The company recelved net proceeds from the public offering of $23,600,000, after deducting legal, promotional, and accounting services necessary to effect the sale. Prepare the appropriate journal entry for the sale of the stock. Note: If no entry Is requlred for a transaction/event, select "No journal entry required" In the filst account fleld. Journal entry worksheet Note: Enter debits before credits