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 600 shares of common stock for $49 per share. April 1 Issues 100 additional shares of common stock for $53 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 transaction/event, select "No journal entry required" in the first account field.) View transaction fist View journal entry worksheet No Dobit Credit Date January 01 1 General Journal Cash Common stock Additional pald-in capital 29,400 400 29,000 2 April 01 5,300 Cash Common stock Additional paid in capital 5,300