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

January 1 Issues 600 shares of common stock for $38 per share.

April 1 Issues 100 additional shares of common stock for $42 per share.

Record the transactions, assuming Clothing Frontiers has no-par common stock

1.Record the issuance of 600 shares of common stock for $38 per share.

2.Record the issuance of 100 additional shares of common stock for $42 per share.