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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 $20 per share.
April 1 Issues 200 additional shares of common stock for $24 per share.

 
 1.
value:
10.00 points
 
Required information
 
 

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.)
  

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 2.
value:
10.00 points
 
Required information
 
 

2. Record the transactions, assuming Clothing Frontiers has either $1 par value common stock or $1 stated value stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
  

 
 

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