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[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 lssues 600 shares of common stock for $38 per share. April 1 Issues 100 additional shares of common stock for $42 per share.

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Ques 1 Date General Journal Debit Credit Jan-01 Cash 22800 common stock 22800 (600 $38) Apr-01 Cash 4200 Common stock 100 shares $42 4200 Ques 2 4 Date General Journal Debit Credit 5 Jan-01 Cash 22800 common stock Additional Paid in capital 600 22200 1 Apr-01 Cash 4200 common stock Additional Paid in capital 100 4100

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