To expand operations, a consulting company issued 1,900 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.)

Assets		=	Liabilities		+	Stockholders Equity
(a)
(b)

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.)

Record the issuance of 1,900 shares with a $1 par value for a price of $50 per share.

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
(a)
(b)

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.)

Record the issuance of 1,900 shares with a $2 par value for a price of $50 per share.