Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chapter 18 - homework gel help submit check my wor

Chapter 18 - Homework Gel Help Submit Check my work 2 The following is a...

60.1K

Verified Solution

Question

Accounting

image
Chapter 18 - Homework Gel Help Submit Check my work 2 The following is a news item reported by Reuters WASHINGTON, Jan 29 (Reuters)-Crossfire Medical Group, a maker of reconstructive implants for knees and ups, on Tuesday filed to sell 4 million shares of common stock cool Print fen 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 After the sale there will be about 36.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing Wright shares closed at $1765 on Nascaq. The common stock of Crossfire Medical Group has a por of $0.03 pet 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 transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction is

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students