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 $40 per share. April 1 Issues 100 additional shares of common stock for $44 per share.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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"Record the issuance of 100 additional shares of common stock for $44 per share on April 01"

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 $40 per share.
April 1 Issues 100 additional shares of common stock for $44 per share.
Transcribed Image Text: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 $40 per share. April 1 Issues 100 additional shares of common stock for $44 per share.
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.)
View transaction list
Journal entry worksheet
1
2
>
Record the issuance of 600 shares of common stock for $40 per share.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
January 01
Transcribed Image Text: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.) View transaction list Journal entry worksheet 1 2 > Record the issuance of 600 shares of common stock for $40 per share. Note: Enter debits before credits. Date General Journal Debit Credit January 01
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