2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry is required for a transaction/event, select "No jour required in the first account field.) View transaction list Journal entry worksheet Record the issuance of 500 shares of common stock for $48 per share. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general journal The following information applies to the questions displayed below) Clothing Frontiers began operations on January 1, and engages in the following transactions during the year related to stockholders' equity. January 1 Issues 500 shares of common stock for $48 per share. April 1 Issues 120 additional shares of common stock for $52 per share. value 1.00 points Required information Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the issuance of 500 shares of common stock for $48 per share. Note: Enter debits before credits. General Journal Debit Credit Date January 01