Required information [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. Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular ransaction/event, select "No Journal Entry Required" in the first account field.) View transaction list No 1 2 < Date January 01 April 01 View journal entry worksheet Cash 1 2 Common Stock Cash Common Stock General Journal 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. Note: Enter debits before credits. Date January 01 Debit Required information (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. General Journal 27,600 . Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry is equired for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the issuance of 600 shares of common stock for $35 per share.. + 5,000 Debit Credit Ⓒ 27,600 Credit 5,000 >
Required information [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. Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular ransaction/event, select "No Journal Entry Required" in the first account field.) View transaction list No 1 2 < Date January 01 April 01 View journal entry worksheet Cash 1 2 Common Stock Cash Common Stock General Journal 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. Note: Enter debits before credits. Date January 01 Debit Required information (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. General Journal 27,600 . Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry is equired for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the issuance of 600 shares of common stock for $35 per share.. + 5,000 Debit Credit Ⓒ 27,600 Credit 5,000 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required information
[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.
L
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.
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.)
View transaction list
No
1
2
Date
January 01
April 01
1
View journal entry worksheet
Cash
2
Date
January 01
Common Stock
Cash
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..
Record entry
General Journal
Common Stock
Record the issuance of 600 shares
Note: Enter debits before credits.
Required information
[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.
2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry is
equired for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
Debit
General Journal
Clear entry
27,600
common stock for $35 per share.
+
5,000
Debit
Credit
27,600
5,000
Credit
>
View general journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F084baee0-021a-4311-87d4-31775d21904c%2F55a54133-51fe-47bf-b587-810984c8a7d6%2F0duyzjf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[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.
L
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.
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.)
View transaction list
No
1
2
Date
January 01
April 01
1
View journal entry worksheet
Cash
2
Date
January 01
Common Stock
Cash
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..
Record entry
General Journal
Common Stock
Record the issuance of 600 shares
Note: Enter debits before credits.
Required information
[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.
2. Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry is
equired for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
Debit
General Journal
Clear entry
27,600
common stock for $35 per share.
+
5,000
Debit
Credit
27,600
5,000
Credit
>
View general journal
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