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Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity. January 1 Issues 500
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 $30 per share. April 1 Issues 120 additional shares of common stock for $34 per share. Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the issuance of 500 shares of common stock for $30 per share. Note: Enter debits before credits. General Journal Debit Credit 15,000 Date January 01 Cash Common Stock Common Stock 500 14,500 S
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