Question
To expand operations, Aragon Consulting issued 1,600 shares of previously unissued common stock with a par value of $1. The price for the stock was
| To expand operations, Aragon Consulting issued 1,600 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 effectfor the stock issuance.(Enter any decreases to account balances with a minus sign.) |
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
