Clothing Frontiers began operations on January 1 and engages in the following transactions during the year...

 

Transcribed Image Text:

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 $46 per share. April 1 Issues 100 additional shares of common stock for $50 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.) View transaction list Journal entry worksheet 1 2 Record the issuance of 600 shares of common stock for $46 per share. Note: Enter debits before credits. Date January 01 General Journal Debit Credit 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 $46 per share. April 1 Issues 100 additional shares of common stock for $50 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.) View transaction list Journal entry worksheet 1 2 Record the issuance of 600 shares of common stock for $46 per share. Note: Enter debits before credits. Date January 01 General Journal Debit Credit