Question:
Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity.
Required:
Record the transactions, assuming Clothing Frontiers has no-par common stock.
Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock.( omit account numbers)
Make a general journal Entry.
Journal entry must have Date, discription, Debit, and credit.