Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity

Accounting Nov 20, 2020

Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity.
January 1 Issues 500 shares of common stock for $48 per share.

April 1 Issues 120 additional shares of common stock for $52 per share.
Required:

1) Record the transactions, assuming Clothing Frontiers has no-par common stock.

2) Record the transactions, assuming clothing Frontiers has either $1 par value common stock.

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