Clothing Frontiers began operations on January $1$ and engages in the following transactions during the year related to stockholders$$ equity.

January $1$ Issues $700$ shares of common stock for $$50$ per share.

April $1$ Issues $110$ additional shares of common stock for $$54$ per share.

Exercise $10-3$A Part $2$

$2.$ Record the transactions, assuming Clothing Frontiers has either $$1$ par value or $$1$ stated value common stock.