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.
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.
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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![M11-4 Analyzing and Recording the Issuance of Common Stock
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.
bar 24 sicles)
M11-5 Analyzing and Recording the Issuance of No-Par Value Common Stock
mosch to
the issued stock has HO DIE
ling equation effects
total assets, total list
total stockholders equity differ from the
LO 11-2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f980526-2571-439e-8d29-7976a42cd1e1%2F80eb6c93-9b12-4368-9d94-f5c425910453%2Fzxc2wxl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:M11-4 Analyzing and Recording the Issuance of Common Stock
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.
bar 24 sicles)
M11-5 Analyzing and Recording the Issuance of No-Par Value Common Stock
mosch to
the issued stock has HO DIE
ling equation effects
total assets, total list
total stockholders equity differ from the
LO 11-2
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