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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 52,500 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 52,500 shares of $4 par value common stock for $327,500 cash. b. On April 1. OP Co. issues no par value common stock for $90,000 cash. c. On April 6, MPG issues 4,000 shares of $20 par value common stock for $59,000 of inventory, $185,000 of machinery, and acceptance of a $95.000 note payable. View transaction list Journal entry worksheet 1 2 3 > Record the issuance of 52,500 shares of $4 par value common stock for $327,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal

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