Chapter 11 Homework (Reg.) Prepare the issuer's journal entry for each of the following separate transactions a. On March 1, Atlantic Co. issues 42.500 shares of $4 par value common stock for $297,500 cash b. On April 1, OP Co. issues no par value common stock for $70,000 cash c. On April 6, MPG issues 2.000 shares of $25 par value common stock for $45,000 of inventory. $145,000 of machinery, and acceptance of a $94,000 note payable Book View transaction list Journal entry worksheet 1 2 3 Record the issuance of 42,500 shares of $4 par value common stock for $297,500 cash. Note: Enter debts w e credits Transaction General Journal Debt Credit Record entry Clear entry View general journal Prepare the issuer's journal entry for each of the following separate transactions points a. On March 1, Atlantic Co. issues 42,500 shares of $4 par value common stock for $297,500 cash. b. On April 1. OP Co. issues no par value common stock for $70,000 cash c. On April 6, MPG issues 2,000 shares of $25 par value common stock for $45,000 of inventory, $145,000 of machinery, and acceptance of a $94,000 note payable View transaction list Journal entry worksheet ( 1 Record the issuance of no par value common stock for $70,000 cash. Note: Enter debts before credits Transaction General Joumal Debit Credit Record entry Clear entry Viewer journal O Type here to search f By C Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 42,500 shares of $4 par value common stock for $297,500 cash b. On April 1. OP Co. Issues no-par value common stock for $70,000 cash. c. On April 6, MPG issues 2,000 shares of $25 par value common stock for $45,000 of inventory. $145,000 of machinery, and acceptance of a $94.000 note payable View transaction list Journal entry worksheet