P11-4 (Algo) Recording Transactions and comparing Par and No-Par Stock LO11-1, 11-3 [The following information applies to the questions displayed below.) The following was in the financial press pertaining to Florence Inc: Florence Inc. stock was sold for $29 per share during its opening day of trading. Florence Inc. sold 50 million shares at its IPO. P11-4 Part 2 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 (le, 5,000,000 should be entered as 5).) View transaction list Journal entry worksheet