Required Information Exercise 10-3 (Algo) 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 $35 per share. April 1 Issues 100 additional shares of common stock for $39 per share. Exercise 10-3 (Algo) Part 2 2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field) View transaction Bat Journal entry worksheet < 1 2 Record the issuance of 600 shares of common stock for $35 per share. Note Boter debts before crediti Date January 01 General Journal Debit Credit 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 $35 per share. April 1 Issues 100 additional shares of common stock for $39 per share. Exercise 10-3 (Algo) 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 fleld.) View transaction list Journal entry worksheet 2 < Record the issuance of 100 additional shares of common stock for $39 per share. Note: Fete detit be Date April 01 General Journal Debil Credit Required information Exercise 10-3 (Algo) 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 $35 per share. April 1 Issues 100 additional shares of common stock for $39 per share. Exercise 10-3 (Algo) Part 1 Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock (Irio entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction fist Journal entry worksheet < Record the issuance of 600 shares of common stock for $35 per share. Note: Enter debits before credits Date January 01 General Journal Debit Credit Journal entry worksheet. < 1 Record the issuance of 100 additional shares of common stock for $39 per share. Note: Enter debts before credits Date Aprill 01 Record entry General Journal Clear entry Debit Credit View general journal

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please solve both parts with all working for each part

 

Required Information
Exercise 10-3 (Algo) 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 $35 per share.
April 1 Issues 100 additional shares of common stock for $39 per share.
Exercise 10-3 (Algo) Part 2
2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. Of no entry is
required for a particular transaction/event, select "No Journal Entry Required in the first account field)
View transaction Bat
Journal entry worksheet
<
1
2
Record the issuance of 600 shares of common stock for $35 per share.
Note Boter debts before crediti
Date
January 01
General Journal
Debit
Credit
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 $35 per share.
April 1 Issues 100 additional shares of common stock for $39 per share.
Exercise 10-3 (Algo) 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 fleld.)
View transaction list
Journal entry worksheet
2
<
Record the issuance of 100 additional shares of common stock for $39 per
share.
Note: Fete detit be
Date
April 01
General Journal
Debil
Credit
Transcribed Image Text:Required Information Exercise 10-3 (Algo) 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 $35 per share. April 1 Issues 100 additional shares of common stock for $39 per share. Exercise 10-3 (Algo) Part 2 2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field) View transaction Bat Journal entry worksheet < 1 2 Record the issuance of 600 shares of common stock for $35 per share. Note Boter debts before crediti Date January 01 General Journal Debit Credit 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 $35 per share. April 1 Issues 100 additional shares of common stock for $39 per share. Exercise 10-3 (Algo) 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 fleld.) View transaction list Journal entry worksheet 2 < Record the issuance of 100 additional shares of common stock for $39 per share. Note: Fete detit be Date April 01 General Journal Debil Credit
Required information
Exercise 10-3 (Algo) 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 $35 per share.
April 1 Issues 100 additional shares of common stock for $39 per share.
Exercise 10-3 (Algo) Part 1
Required:
1. Record the transactions, assuming Clothing Frontiers has no-par common stock (Irio entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field.)
View transaction fist
Journal entry worksheet
<
Record the issuance of 600 shares of common stock for $35 per share.
Note: Enter debits before credits
Date
January 01
General Journal
Debit
Credit
Journal entry worksheet.
<
1
Record the issuance of 100 additional shares of common stock for $39 per
share.
Note: Enter debts before credits
Date
Aprill 01
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
Transcribed Image Text:Required information Exercise 10-3 (Algo) 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 $35 per share. April 1 Issues 100 additional shares of common stock for $39 per share. Exercise 10-3 (Algo) Part 1 Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock (Irio entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction fist Journal entry worksheet < Record the issuance of 600 shares of common stock for $35 per share. Note: Enter debits before credits Date January 01 General Journal Debit Credit Journal entry worksheet. < 1 Record the issuance of 100 additional shares of common stock for $39 per share. Note: Enter debts before credits Date Aprill 01 Record entry General Journal Clear entry Debit Credit View general journal
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