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 $39 per share. April Issues 120 additional shares of common stock for $43 per share. 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 particular 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 $39 per share. Note: Enter debits before credits. General Journal Debit Credit 19,500 19,500 Date January 011 Cash Common Stock