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To expand operations, Aragon Consulting issued 1700 shares of previously unissued common stock with a par value of $1. The price for the stock was
To expand operations, Aragon Consulting issued 1700 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 por 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.) Assets Liabilities Cash 85,000 Stockholders' Equity Common Stock Additional Paid in Capital, Common Stock 1-b. Prepare the journal entry for the stock issuance of 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 1,700 shares with a $1 par value for a price of $50 per share. Note: Enter debits before credits. Transaction General Journal 1 Debit Credit Record entry View general journal Clear entry 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. (Enter any decreases to account balances with a minus sign) Liabilities Stockholders Equity
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