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[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 $34 per share.
April		1		Issues 110 additional shares of common stock for $38 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.)

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.)

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 View Journal entry worksheet No Date General Journal Debit Credit 1 January 01 Cash 23,800 Common Stock 2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value con required for a particular transaction/event, select "No Journal Entry Required" in the first account of 2 View transaction list Journal entry worksheet 56:40 1 2 Record the issuance of 700 shares of common stock for $34 per share. ok Note: Enter debits before credits. ht General Journal Debit Credit Date January 01 ht ences Record entry Clear entry View general journal Required information View transaction list Journal entry worksheet