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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 transactions during
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 $34 per share. April 1 Issues 110 additional shares of common stock for $38 per share. 2. Record the transactions, assuming Clothing Frontiers has either $1 par value common stock or $1 stated value stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the issuance of 700 shares of common stock for $34 per share. Note: Enter debits before credits. Date January 01 General Journal Debit Credit View transaction list Journal entry worksheet < 2 Record the issuance of 110 additional shares of common stock for $38 per share. Note: Enter debits before credits. Date April 01 General Journal Debit Credit Record entry Clear entry View general Journal
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