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Analyze the accounting equation effects

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Question

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.

Reference no: EM133240081

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