Required information [The following information applies to the questions displayed below) Clothing Frontiers began operations on January 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. aprii 1 Issues 120 additional shares of common stock for $52 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 tist Journal entry worksheet 1 2 Record the issuance of 500 shares of common stock for $48 per share Note: Enter debits before tradita Date General Journal Debit Credit January 01 Record entry Clear entry View general journal Prov 1 2 of 16 !!! Next >