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

a$.$ On March $1,$ Atlantic Company issues $42,500$ shares of $$4$ par value common stock for $$297,500$ cash.

b$.$ On April $1,$ OP Company issues no$-$par value common stock for $$70,000$ cash.

c$.$ On April $6,$ MPG issues $2,000$ shares of $$25$ par value common stock for $$45,000$ of inventory, $$145,000$ of machinery, and acceptance of a $$94,000$ note payable.

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Transaction,General Journal,,Debit,Credit$],[1,$a$.,$Cash,$o.,297,500o.,],[,$Common stock, $$4$ par value,$0,,170,000],[,$Paid$-$in capital in excess of par value, common s$.,0,,127,500$