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QS 13-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 48,000 shares of $5 par value common stock for $314,000 cash. b. On April 1, OP Co. issues no-par value common stock for $81,000 cash. c. On April 6. MPG issues 3.100 shares of $20 par value common stock for $50.000 of inventory, $155,000 of machinery, and acceptance of a $100,000 note payable. View transaction list Journal entry worksheet 2 3 Record the issuance of 48,000 shares of $5 par value common stock for ices $314,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit