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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 600 shares of common stock for $38 per share.
April 1 Issues 100 additional shares of common stock for $42 per share.
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.)
