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 $40 per share. April 1 Issues 100 additional shares of common stock for $44 per share. Exercise 10-3 (Algo) Part 1 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.) Answer is not complete. General Journal Debit Credit 24,000 24,000 23,400 X No 1 Date January 01 Cash Common Stock Additional Paid-in Capital 2 April 01 Cash Common Stock Additional Paid-in Capital 13