Question: To expand operations Aragon Consulting issued 1 000 shares of previously
To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with a par value of $ 1. The price for the stock was $ 50 per share. Analyze the accounting equation effects and record the journal entry for the stock issuance. Would your answer be different if the par value were $ 2 per share? If so, analyze the accounting equation effects and record the journal entry for the stock issuance with a par value of $ 2.
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