Required Information [The following Information applies to the questions displayed below.] Clothing Frontiers began operations on January 1 and engages in the following transactions
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 700 shares of common stock for $31 per share. April 1 Issues 110 additional shares of common stock for $35 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.) View transaction list View journal entry worksheet No 1 Date January 01 Cash Common Stock 2 April 01 Cash Common Stock General Journal Debit Credit 21,700 21,700 3,850 3,850
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