question #2

! Required information [The following information applies to the questions displayed below.) 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 $40 per share. April 1 Issues 100 additional shares of common stock for $44 per share. Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet 1 2 Record the issuance of 600 shares of common stock for $40 per share. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general Journal Journal entry worksheet