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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

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. 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.)

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