PROBLEM #5 (8 points) Mayfield Clothiers began operations on January a and engages in the following transactions during the year related to stockholders' equity: January 1 Issues 600 shares of common stock for $50 per share. April 1 Issues 100 additional shares of common stock for $54 per share. Required: 1. Assuming Mayfield has no-par common stock, show the entries that they would record for these transactions for common stock at both January 1 and April 1. 1/1 AJE: 4/1 AJE: 2. Assuming Mayfield has si par value common stock, show the entries that they would record for these transactions for common stock at both January 1 and April 1. 1/1 AJE: