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.

. 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.)

Journal entry worksheet