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 $47 per share.
April 1 Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. journal entry 1. journal entry 2	Issues 110 additional shares of common stock for $51 per share. Record the issuance of 700 shares of common stock for $47 per share. record the issuance of 110 additional shares of common stock for $51 per share.