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 $48 per share. April 1 Issues 120 additional shares of common stock for $52 per share. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry is equired for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 Record the issuance of 500 shares of common stock for $48 per share. Note: Enter debits before credits