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 $30 per share. April 1 Issues 120 additional shares of common stock for $34 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 particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the issuance of 500 shares of common stock for $30 per share. Note: Enter debits before credits. General Journal Debit Credit Date January 01 + Record entry Clear entry View general Journal