"Record the issuance of 100 additional shares of common stock for $44 per share on April 01" 2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry isrequired for a particular transaction/event, select "No Journal Entry Required" in the first account field.)View transaction listJournal entry worksheet12>Record the issuance of 600 shares of common stock for $40 per share.Note: Enter debits before credits.DateGeneral JournalDebitCreditJanuary 01 Exercise 10-3A Record the issuance of common stock (LO10-2)[The following information applies to the questions displayed below.]Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related tostockholders' 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.

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Record the issuance of 600 shares of common stock for $40 per share.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.23E

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Question

"Record the issuance of 100 additional shares of common stock for $44 per share on April 01"

2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry is
required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
View transaction list
Journal entry worksheet
1
2
>
Record the issuance of 600 shares of common stock for $40 per share.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
January 01

Exercise 10-3A Record the issuance of common stock (LO10-2)
[The following information applies to the questions displayed below.]
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.

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Journal entries assuming Clothing frontier has $1 par value on Common Stock:

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Journal entries assuming Clothing frontier has $1 stated value on Common Stock:

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