Clothing Frontlers began operations on January 1, and in the following transactions during the year related to stockholders’ equity. January 1: Issue 700 shares of common stock for $47 per share.April

Clothing Frontlers began operations on January 1, and in the following transactions during the year related to stockholders’ equity.

January 1: Issue 700 shares of common stock for $47 per share.

April 1: Issue 110 additional shares of common stock for $51 per share.

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 fields.)

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