To expand operations, Aragon Consulting issued 1550 shares of previously unissued common stock with no-par value. 1. Complete the table below, indicating the account, amount and direction of the effect for the issuance of the no-par value stock at $50. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equit 2. Prepare the journal entry for the issuance of the no-par value stock at $50. (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 Record the issuance of 1,550 shares with no par value for a price of $50 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit