Problem

Recording the Sale of Common StockTo expand operations. Aragon Consulting issued 170,000 s...

Recording the Sale of Common Stock

To expand operations. Aragon Consulting issued 170,000 shares of previously unissued stock with a par value of $1. The selling price for the stock was $21 per share. Record the sale of this stock. Would your answer be different if the par value was $2 per share? If so, record the sale of stock with a par value of $2.

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