[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 $42 per share.

April 1 Issues 120 additional shares of common stock for $46 per share.

Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) event, select "No journal entry requ View transaction list Journal entry worksheet Record the issuance of 500 shares of common stock for $42 per share. Note: Enter debits before credits Date General Journal Debit Credit January 01 Record entry Clear entry View general journal 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 list Journal entry worksheet Record the issuance of 500 shares of common stock for $42 per share. Note: Enter debits before credits. Debit Credit Date General Journal January 01 Record entry Clear entry View general journal