Required information Exercise 10-3 (Static) 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 700 shares of common stock for $50 per share. April 1 Issues 110 additional shares of common stock for $54 per share.. Exercise 10-3 (Static) 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 Journal entry worksheet < 1 2 Record the issuance of 700 shares of common stock for $50 per share.. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 Record the issuance of 110 additional shares of common stock for $54 per share. Note: Enter debits before credits. Date April 01 General Journal Debit Credit Record entry Clear entry View general journal