Make the issuer's journal entry for each of the following separate transactions.

1. On March 1, Atlantic Co. issues 51,500 shares of $4 par value common stock for $324,500 cash.
2. On April 1, OP Co. issues no-par value common stock for $88,000 cash.
3. On April 6, MPG issues 3,800 shares of $20 par value common stock for $57,000 of inventory, $175,000 of machinery, and acceptance of a $93,000 note payable.

• Record the issuance of 51,500 shares of $4 par value common stock for $324,500 cash.
• Record the issuance of no-par value common stock for $88,000 cash.
• Record the issuance of 3,800 shares of $20 par value common stock for $57,000 of inventory, $175,000 of machinery, and acceptance of a $93,000 note payable.