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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 51,500 shares of $4 par
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 51,500 shares of $4 par value common stock for $324,500 cash. b. On April 1, OP Co. issues no-par value common stock for $88,000 cash. c. 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. View transaction list Journal entry worksheet 1 2 3 Record the issuance of 51,500 shares of $4 par value common stock for $324,500 cash. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal a. On March 1, Atlantic Co. issues 51,500 shares of $4 par value common stock for $324,500 cash. b. On April 1, OP Co. issues no-par value common stock for $88,000 cash. c. On April 6, MPG issues 3,800 shares of $20 par value common stock for $57,000 of inventory, $175,000 of acceptance of a $93,000 note payable. View transaction list Journal entry worksheet < 1 2 3 Record the issuance of no-par value common stock for $88,000 cash. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 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. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal
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