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Prepare the Issuers journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 49,000 shares of $4 par value
Prepare the Issuers journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 49,000 shares of $4 par value common stock for $317,000 cash b. On April 1, OP Co. Issues no-par value common stock for $83,000 cash. 15 par value common stock for $52,000 of Inventory, $140,000 of machinery, and acceptance of a $102,000 note payable. View transaction list Journal entry worksheet 2 1 Record the issuance of 49,000 shares of $4 par value common stock for $317,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a View general journal Record entry Clear entry
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