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 $500$ shares of common stock for $$42$ per share.

April $1$ Issues $120$ additional shares of common stock for $$46$ per share.

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.$)$

Journal entry worksheet

$12$

Record the issuance of $500$ shares of common stock for $$42$ per share.

Note: Enter debits before credits.