FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 $40 per share.
April 1 Issues 100 additional shares of common stock for $44 per share.
2. Record the transactions, assuming Clothing Frontiers has either $1 por 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.)
View transaction list
Journal entry worksheet
1
2
Record the issuance of 600 shares of common stock for $40 per share.
Noter Enter debits before credits.
Date
January 011
Record entry
General Journal
Clear entry
Deb
Credit
View general journal
expand button
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. 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. 2. Record the transactions, assuming Clothing Frontiers has either $1 por 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.) View transaction list Journal entry worksheet 1 2 Record the issuance of 600 shares of common stock for $40 per share. Noter Enter debits before credits. Date January 011 Record entry General Journal Clear entry Deb Credit View general journal
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 $40 per share.
April 1 Issues 188 additional shares of common stock for $44 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
Journal entry worksheet
1
2
Record the issuance of 600 shares of common stock for $40 per share.
Note: Enter debits before credits.
Date
January 01
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
expand button
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. January 1 Issues 600 shares of common stock for $40 per share. April 1 Issues 188 additional shares of common stock for $44 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 Journal entry worksheet 1 2 Record the issuance of 600 shares of common stock for $40 per share. Note: Enter debits before credits. Date January 01 Record entry General Journal Clear entry Debit Credit View general journal
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