Clothing Frontiers began operations on January stockholders' equity. January 1 Issues 600 shares of common stock for $43 per share. April 1 Issues 100 additional shares of common stock for $47 per share. ired: cord the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular action/event, select "No Journal Entry Required" in the first account field.) D Date January 01 April 01 Cash Answer is complete but not entirely correct. General Journal Common Stock Additional Paid-in Capital Cash Common Stock Additional Paid-in Capital < Prev 100 *33 2 3 of 9 Debit 25,600 4,300 Ⓡ Credit 600 25,000 100 x 4,200 ** Next >
Clothing Frontiers began operations on January stockholders' equity. January 1 Issues 600 shares of common stock for $43 per share. April 1 Issues 100 additional shares of common stock for $47 per share. ired: cord the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular action/event, select "No Journal Entry Required" in the first account field.) D Date January 01 April 01 Cash Answer is complete but not entirely correct. General Journal Common Stock Additional Paid-in Capital Cash Common Stock Additional Paid-in Capital < Prev 100 *33 2 3 of 9 Debit 25,600 4,300 Ⓡ Credit 600 25,000 100 x 4,200 ** Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Graw
Clothing Frontiers began operations on January 1 and engages in the following transactionS
stockholders' equity.
1
January 1 Issues 600 shares of common stock for $43 per share.
April 1 Issues 100 additional shares of common stock for $47 per share.
Required:
1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field.)
No
2
Date
January 01
April 01
On
Cash
Answer is complete but not entirely correct.
General Journal
Common Stock
Additional Paid-in Capital
Cash
Common Stock
Additional Paid-in Capital
< Prev
2
3
100
***
of 9
Debit
25,600 X
4,300 x
Credit
the year related to
600 x
25,000 x
100 X
4,200 x
Next >
DUI
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