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Record the transactions of clothing frontiers

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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 700 shares of common stock for $50 per share.April 1 Issues 110 additional shares of common stock for $54 per share.

Problem 1: Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value 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: EM132920850

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