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 760 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.)