Question: I need help with questions 24 and 25 please I am stuck due in 1 hour Chapter 18 HW 1 The Follow 24. 10.00 points
Chapter 18 HW 1 The Follow 24. 10.00 points The following is a news tem reported by Reuters WASHINGTON, Jan 29 (Reuters)-Wright Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 milion shares of common stock In a filing with the U.S. Securities 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. Ater the sale there will be about 39.0 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing Wright shares closed at $17.90 on Nasdaq The common stock of Wright Medical Group has a par of $0.03 per share. Required: Prepare the joumal entry to record the sale of the shares assuming the price existing when the arrouncement was made and ignoring share 'ssue costs "no entry is required for a select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list 1 Record the issuance of the new stock 20 F3
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