To expand operations, Aragon Consulting issued 1,350 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share.

a) Indicating the account, amount, and direction of the effect for the stock issuance for the following transaction:(Enter any decreases to account balances with a minus sign.)

Asset

Liabilities

Stockholders Equity

b) indicating the account, amount, and direction of the effect for the stock issuance with a par value of $2 for this transaction. (Enter any decreases to account balances with a minus sign.)

Assets

Liabilities

Stockholders Equity