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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 stockholders' equity. January 1 Issues 600 shares of common stock for $43 per share. April 1 Issues 100 additional shares of common stock for $47 per share. Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a pa transaction/event, select "No Journal Entry Required" in the first account field.) X Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 January 01 Cash 25,800 Common Stock Additional Paid-in Capital 600 25,200 X X 2 April 01 Cash 4,700 110 Common Stock Additional Paid-in Capital x 4,590 X
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