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Required information [ The following information applies to the questions displayed below. ] Clothing Frontiers began operations on January 1 and engages in the following

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.
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.)
Journal entry worksheet
Record the issuance of 500 shares of common stock for $42 per share.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[January 01,,,],[,,,]
AlSO RECORD THE APRIL 1 ENTRY
(RECORD THE ISSUANCE OF 120 ADDITIONAL SHARES OF COMMON STOCK FOR $46 PER SHARE)
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