M$11-5($Algo$)$ Analyzing and Recording the Issuance of No$-$Par Value Common Stock $[$LO $11-2]$

To expand operations, Aragon Consulting issued $1,400$ shares of previously unissued common stock with no par value.

Required:

Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no$-$par value stock at $$50.$

Prepare the journal entry for the issuance of the no$-$par value stock at $$50.$

Complete this question by entering your answers in the tabs below.

Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no$-$par value stock at $$50.($Enter any decreases to accou minus sign.$)$

$\backslash$table$[[$Assets$,=,$Liabilities,$+,$Stockholders' Equity$],[,=1,,1+,],[,=0,,+1,]]$