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To expand operations, Aragon Consulting issued 1 , 4 5 0 shares of previously unissued common stock with a par value of $ 1 .

To expand operations, Aragon Consulting issued 1,450 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.

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