To expand operations, Aragon Consulting issued 1,450 shares of previously unissued common stock with no...
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Accounting
To expand operations, Aragon Consulting issued 1,450 shares of previously unissued common stock with no par value. Required: 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 2. Prepare the journal entry for the issuance of the no-par value stock at $50. Complete this question by entering your answers in the tabs below. To expand operations, Aragon Consulting issued 1,450 shares of previously unissued common stock with no par value. Required: 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. 2. Prepare the journal entry for the issuance of the no-par value stock at $50. Complete this question by entering your answers in the tabs below. 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 Refiuired in the first account field.) Journal entry worksheet Record the issuance of 1,450 shares with no par value for a price of $50 per share. Note: Enter deb ts before credits
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