1 QS 11-5 (Algo) Issuance of common stock LO P1 1.42 points eBook Prepare the Issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Company Issues 52,500 shares of $4 par value common stock for $327,500 cash. b. On April 1, OP Company Issues no-par value common stock for $90,000 cash. c. On April 6, MPG Issues 4,000 shares of $20 par value common stock for $59,000 of Inventory, $185,000 of machinery, and acceptance of a $95,000 note payable. Hint Print View transaction list Journal entry worksheet References 1 2 3 Record the issuance of 52,500 shares of $4 par value common stock for $327,500 cash. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal