accounting2

Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity.

Required:

1. Record the transactions, assuming Clothing Frontiers has no-par common stock.

2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock.( omit account numbers)

GENERAL JOURNAL	PAGE
	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
17							17