3 To expand operations, Aragon Consulting issued 1,400 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. 1-a. Complete the table below, Indicating the account, amount, and direction of the effect for the stock Issuance. (Enter any decreases to account balances with a minus sign.) points Assets Liabilities Stockholders' Equity Book References 1-b. Prepare the journal entry for the stock Issuance. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction lat Journal entry worksheet Record the issuance of 1,400 shares with a si par value for a price of $50 per share. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 2-a. Complete the table below, Indicating the account, amount, and direction of the effect for the stock Issuance with a par value of $2. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity 2-b. Prepare the journal entry for the stock Issuance, if the par value were $2 per share (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction ist Journal entry worksheet Record the issuance of 1,400 shares with a s2 par value for a price of $50 per share. Note: Enter debits before credits Transaction General Journal Debit Credit Racord entry Clear entry View general Journal To expand operations, Aragon Consulting issued 1.200 shares of previously unissued common stock with no-par value. 1. Complete the table below. Indicating the account, amount, and direction of the effect for the Issuance of the no-par value stock at $50. (Enter any decreases to account balances with a minus sign.) Assets Liabilities + Stockholders' Equity 2. Prepare the journal entry for the issuance of the no-par value stock at $50. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet Record the issuance of 1,200 shares with no par value for a price of $50 per share. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Trans Union Corporation Issued 6,800 shares for $50 per share in the current year, and It Issued 11,800 shares for $37 per share in the following year. The year after that, the company reacquired 21,800 shares of its own stock for $45 per share. Determine the Impact (Increase, decrease, or no change) of each of these transactions on the following classifications: points Total Assets Total Stockholders' Equity eBook Sold 6,800 shares Sold 11,800 shares Purchased 21,800 shares of treasury stock Total Liabilities No Change No Change No Change Net Income No Change No Change No Change Print On May 20, the board of directors for Auction.com declared a cash dividend of 50 cents per share payable to stockholders of record on June 14. The dividends are paid on July 14. The company has 504,000 shares of stock outstanding. Closing entries are recorded on July 31. Prepare any necessary Journal entries for each date. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) No Credit Date May 20 Answer is complete but not entirely correct. General Journal Dividends Dividends Payable Debit 252.000 252,000 June 14 Dividends 252,000 | Additional Paid-in Capital, Common Stock 252,000 ooooo July 14 252,000 Dividends Payable Cash 252.000 July 31 252.000 Retained Earnings Dividends 252.000 Academy Driving School reported the following amounts in its financial statements: Year 1 Year 2 Number of common shares 13,100 13,100 Net Income $ 47160 $ 42.160 Cash dividends pald on common $ 2400 $2,400 stock Total stockholders' equity $400,000 $380.000 Calculate EPS and ROE for year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.) Answer is complete but not entirely correct. Year EPS ROE 10.000.00 10.8 %