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Help ASAP please Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 48,000 shares of
Help ASAP please
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 Record the issuance of 48,000 shares of $5 par value common stock for $314,000 cash. Note: Enter debits before credits Debit Credit Prev of 13Next ournal entry worksheet Record the issuance of no-par value common stock for $81,000 cash. Note: Enter debits before credits ransaction General Journal b. Journal entry worksheet Record the issuance of 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. Note: Enter debits before credits General Journal C Step by Step Solution
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