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To expand operations, Aragon Consulting issued 1,250 shares of previously unissued common stock with no-par value. Required: 1. Complete the table below, indicating the account,

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To expand operations, Aragon Consulting issued 1,250 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. Required 1 Required 2 Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no-par value stock at $50. (Enter any decreases to account balances with a minus sign.) Stockholders' Equity Assets Liabilities To expand operations, Aragon Consulting issued 1,250 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. Required 1 Required 2 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 Required" in the first account field.) View transaction list Journal entry worksheet A Record the issuance of 1,250 shares with no par value for a price of $50 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry Record entry View general nal

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