60.1K

Verified Solution

Link Copied!

SER 0 9 Required Information The following information apples to the questions displayed below) Part 1 of 2 The following was in the financial press pertaining to Forence Inc Florence in stock was sold for $41 per share during its opening day of trading Florence Inc sold 65 million shares at its IPO 10 points Required: 1. Record the issuance of stock, assuming the stock was no par value common stock. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field. Enter your answers in millons rounded to 1 decimal place (le, 5,500,000 should be entered os 5.5).) ALK View transactions Journal entry worksheet 1 Record the issuance of stock, assuming the stock was no par value common stock NoteEnter debit before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 0 10 Required Information [The following information applies to the questions displayed below) Part 2 of 2 The following was in the financial press pertaining to Florence Inc Florence Inc stock was sold for $41 per share during its opening day of trading Florence Inc sold 65 million shares at its IPO 10 points 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 fleld. Enter your answers in millions (I.e., 5,000,000 should be entered as 5).) View transaction list Pitt Journal entry worksheet 1 > Record the issuance of stock, assuming the common stock had a par value of $1 per share. Note Enter debib before credits Transaction General Joumal Debit Credit Record entry Clear entry View general Journal

Answer & Explanation Solved by verified expert

See Answer