Required HUOLIVI Exercise 10-3A Record the issuance of common stock (LO10-2) [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 relat stockholders' equity. January 1 Issues 500 shares of common stock for $42 per share. April 1 Issues 120 additional shares of common stock for $46 per share. Exercise 10-3A Part 1 Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particula transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. General Journal Debit Credit 21,000 21,000 No 1 Date January 01 Cash Common Stock 2 April 01 Cash Common Stock Additional Paid-in Capital 5,520 120 5,400 Exercise 10-3A Record the issuance of common stock (LO10-2) [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 500 shares of common stock for $42 por share. April 1 Issues 120 additional shares of common stock for $46 per share. Exercise 10-3A Part 2 2. 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.) View transaction list Journal entry worksheet 1 2 Record the issuance of 500 shares of common stock for $42 per share. Note: Enter debits before credits. Date January 011 General Journal Debit Credit < Prev 8m of 4 ** Next > Exercise 10-3A Record the issuance of common stock (LO10-2) [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 500 shares of common stock for $42 per share. April 1 Issues 120 additional shares of common stock for $46 per share. Exercise 10-3A Part 2 2. 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.) View transaction list Journal entry worksheet < 1 2 Record the issuance of 120 additional shares of common stock for $46 per share. Note: Enter debits before credits. Date April 01 General Journal Debit Credit