WASHINGTON, Jan 29 (Reuters) Knowlton Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 milion shares of common stock In a hiling with the U.S. Securties 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 32.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC 1ng. Knowiton shares closed at $17.25 on Nasdaq The common stock of Knowiton Medical Group has a par of s0.03 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 transactlon/event, select "No journal entry required" In the first account fleld. Enter your answers In whole dollars.) View transaction list Journal entry worksheet Record the issuance of the new stock Note: Enter debits before credits. General Journal