first two parts are done.

M11-4 Analyzing and Recording the Issuance of Common Stock [LO 11-2] To expand operations, Aragon Consulting issued 1,100 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 issuan (Enter any decreases to account balances with a minus sign.) Assets Stockholders' Equity sh 55,000 Stock Stock 53,900 pare the journal entry for the stock issuance. (f no entry is required for a transaction/event select "No Journal Entry Required" in the first account field.) 1-b. Pre View