Refer to M11-4. Assume the issued stock has no par value. Analyze the accounting equation effects and

Question:

Refer to M11-4. Assume the issued stock has no Analyze the accounting equation effects and record the journal entry for the issuance of the no-par value stock at $ 50. Do the effects on total assets, total liabilities, and total stockholders’ equity differ from those in M11-4?
Refer M11-4
To expand operations, Aragon Consulting issued 1,000 shares of previously unissued with a of $ 1. The price for the stock was $ 50 per share. Analyze the accounting equation effects and record the journal entry for the stock issuance. Would your answer be different if the were $ 2 per share? If so, analyze the accounting equation effects and record the journal entry for the stock issuance with a of $ 2. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...