Exercise 10-3A Record the issuance of common stock (LO10-2) [The following information applies...
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Accounting
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 $32 per share. | ||
| April | 1 | Issues 100 additional shares of common stock for $36 per share. |
Exercise 10-3A Part 2
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.)
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