Prepare the issuer's journal entry for each of the following separate transactions. a. On March...
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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 45,500 shares of $4 par value common stock for $306,500 cash. b. On April 1, OP Co. Issues no-par value common stock for $76,000 cash. c. On April 6, MPG issues 2,600 shares of $20 par value common stock for $45,000 of inventory, $165,000 of machinery, and acceptance of a $95,000 note payable. View transaction list Journal entry worksheet 2 3 Record the issuance of 45,500 shares of $4 par value common stock for $306,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. On March 1, Atlantic Co. issues 45,500 shares of $4 par value common stock for $306,500 cash. b. On April 1. OP Co. issues no par value common stock for $76,000 cash. c. On April 6, MPG issues 2,600 shares of $20 par value common stock for $45,000 of inventory. $165,000 of machinery, and acceptance of a $95,000 note payable. View transaction list Journal entry worksheet
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