To expand operations, Aragon Consulting issued 1,800 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.)

assessts = Liabilities + stock holder's equity a._______________ ________________ ________________ b________________ _________________ ________________

1-b.	Prepare the journal entry for the stock issuance. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Record the issuance of 1,800 shares with a $1 par value for a price of $50 per share.