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Clothing Frontiers bean operations on January 1, and engages in the following tranisactions during the year related to stockholders' equity. January 1 Issues 700 shares
Clothing Frontiers bean operations on January 1, and engages in the following tranisactions during the year related to stockholders' equity. January 1 Issues 700 shares af common stock for $37 per share. April 1 Issues 110 additional shares of common stock for $41 per share. Required informetion 10.00 polnts Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 700 shares of common stock for $37 per share. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal Required Information 10.00 points 2. Record the transactions, assuming Clothing Frontiers has either S1 par value or $1 stated value common stock. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 700 shares of common stock for $37 per share. Nate: Enter debits before credits. Date General Journal DebitCredit January 01 Record entry Clear entry View general journal
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