M11-4 Analyzing and Recording the Issuance of Common Stock [LO 11-2] To expand operations, Aragon Consulting issued 1,050 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. Required: 1-a. Complete the table below, indicating the account, amount and direction of the effect for the stock issuance. 1-b. Prepare the journal entry for the stock issuance. 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. 2-b. Prepare the journal entry for the stock issuance, if the par value were $2 per share. - wy emering your answers in the tabs below. Req 1A Req 1B Req 2A Reg 28 Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance. (Enter any decreases to acco Assets Liabilities Stockholders' E Regla Req 18 > Liabilities Stockholders' Equity Req 1B > Record the issuance of 1,050 shares with a $1 par value for a price of $50 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit re Record entry Clear entry View general journal Req 1A Req 1B Req 2A Reg 2B Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance with a par value of $2. (Enter sign.) Assets Liabilities + Stockholders Req 1A Reg 1B Req 2A Req 28 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 list Journal entry worksheet Record the issuance of 1,050 shares with a $2 par value for a price of $50 per share. Note: Enter debits before credits Debit Credit General Journal