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

January 1 Issues 700 shares of common stock for $50 per share.

April 1 Issues 110 additional shares of common stock for $54 per share.

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

Jan. 1, Record the issuance of 700 shares of common stock for $50 per share.

April 1, Record the issuance of 110 additional shares of common stock for $54 per share.

Reference no: EM133010386

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