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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 49,500 shares of $4 par value

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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 49,500 shares of $4 par value common stock for $318,500 cash. b. On April 1, OP Co. Issues no-par value common stock for $84,000 cash. c. On April 6, MPG Issues 3,400 shares of $20 par value common stock for $150,000 of machinery View transaction list Journal entry worksheet Record the issuance of 49,500 shares of $4 par value common stock for $318,500 cash. Note: Enter debits before credits. Debit Credit Transaction General Journal Cash Common stock, $4 par value 318,500 Record entry Clear entry View general journal

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