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... M11-4 (Static) Analyzing and Recording the Issuance of Common Stock [LO 11-2] To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common
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M11-4 (Static) Analyzing and Recording the Issuance of Common Stock [LO 11-2] To expand operations, Aragon Consulting issued 1,000 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 shore Complete this question by entering your answers in the tabs below. Red IA Reg 10 Reg 2A Reg 26 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 sior Assets Liabilities Stockholders' Equity Reg 18> Reg 1A Reg 13 Req 2A Reg 28 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 list Journal entry worksheet A Record the issuance of 1,000 shares with a $1 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 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. Complete this question by entering your answers in the tabs below. Req1A Reg 10 Reg 2A Reg 20 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 bali Assets Liabilities Stockholders' Equity Journal entry worksheet Step by Step Solution
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