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Prepare the issuer's journal entry for each of the following separate transactions. a . On March 1 , Atlantic Company issues 4 9 , 5

Prepare the issuer's journal entry for each of the following separate transactions.
a. On March 1, Atlantic Company issues 49,500 shares of $4 par value common stock for $318,500 cash.
b. On April 1, OP Company 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 $53,000 of inventory, $150,000 of machinery, and acceptance of a $103,000 note payable.
Journal entry worksheet
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Record the issuance of 49,500 shares of $4 par value common stock for $318,500 cash.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[a.,,,],[,,,],[,,,],[,,,],[,,,]]
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