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

a$.$ On March $1,$ Atlantic Company issues $51,000$ shares of $$3$ par value common stock for $$323,000$ cash.

b$.$ On April $1,$ OP Company issues no$-$par value common stock for $$87,000$ cash.

c$.$ On April $6,$ MPG issues $3,700$ shares of $$15$ par value common stock for $$56,000$ of inventory, $$170,000$ of machinery, and acceptance of a $$92,000$ note payable.

Journal entry worksheet

$1$

$2$

$3$

Record the issuance of $51,000$ shares of $$3$ par value common stock for $$323,000$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,x,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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

a$.$ On March $1,$ Atlantic Company issues $51,000$ shares of $$3$ par value common stock for $$323,000$ cash.

b$.$ On April $1,$ OP Company issues no$-$par value common stock for $$87,000$ cash.

c$.$ On April $6,$ MPG issues $3,700$ shares of $$15$ par value common stock for $$56,000$ of inventory, $$170,000$ of machinery, and acceptance of a $$92,000$ note payable.

Journal entry worksheet

$1$

$2$

$3$

Record the issuance of no$-$par value common stock for $$87,000$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$b$.,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$