To expand operations, Artagon Consulting issued 100,000 shares of previously unissued common shares with a par value

Question:

To expand operations, Artagon Consulting issued 100,000 shares of previously unissued common shares with a par value of $1. The share price was $75 per share. Analyze the accounting equation effects and record the journal entry for the share issuance. Would your answer be different if the par value was $2 per share? If so, analyze the accounting equation effects and record the journal entry for the share issuance with a par value of $2?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...