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.

Aprill 1 Issues 110 additional shares of common stock for $54 per share.

Required:

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

Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock.( omit account numbers)