M$11-5($Algo$)$ Analyzing and Recording the Issuance of No$-$Par Value Common Stock $[$LO $11-2]$

To expand operations, Aragon Consulting issued $1,150$ shares of previously unissued common stock with no par value.

Required:

Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no$-$par value stock at

$$50.$

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.

Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no$-$par value stock at $$50.$

Note: Enter any decreases to account balances with a minus sign.