To expand operations, Aragon Consulting issued 1,950 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' Equity Common Stock Cash 97,500 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 View journal entry worksheet No Transaction General Journal Debit Credit 1 1 Cash 97,500 Common Stock 3,900