M11-4 Analyzing and Recording the Issuance of Common Stock [LO 11-2] To expand operations, Aragon...
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M11-4 Analyzing and Recording the Issuance of Common Stock [LO 11-2] 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 Required: 1-a. Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance 1-b. Prepare the journal entry for the stock issuance. 2-a. Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance with a par value of S2. 2-b. Prepare the journal entry for the stock issuance, if the par value were $2 per share Complete this question by entering your answers in the tabs below. Re 1A Re 18 Reg 2Req 28 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.) Stockholders' Equity Assets Liabilities Req 1B Req 1A
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