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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 49,000 shares of $4 par value
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 49,000 shares of $4 par value common stock for $317,000 cash. b. On April 1, OP Co. issues no-par value common stock for $83,000 cash. c. On April 6, MPG issues 3,300 shares of $15 par value common stock for $52,000 of inventory, $140,000 of machinery, and acceptance of a $102,000 note payable. View transaction list Journal entry worksheet 1 Record the issuance of 49,000 shares of $4 par value common stock for $317,000 cash. Note: Enter debits before credits. General Journal Transaction Debit Credit a View general iournal Record entry_ Clear entry Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 49,000 shares of $4 par value common stock for $317,000 cash. b. On April 1, OP Co. issues no-par value common stock for $83,000 cash. c. On April 6, MPG issues 3,300 shares of $15 par value common stock for $52,000 of inventory, $140,000 of machinery, and acceptance of a $102,000 note payable. View transaction list Journal entry worksheet 2 Record the issuance of no-par value common stock for $83,000 cash. Note: Enter debits before credits. General Journal Transaction Debit Credit Clear entrry View general journal Record entry Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 49,000 shares of $4 par value common stock for $317,000 cash. b. On April 1, OP Co. issues no-par value common stock for $83,000 cash. c. On April 6, MPG issues 3,300 shares of $15 par value common stock for $52,000 of inventory, $140,000 of machinery, and acceptance of a $102,000 note payable. View transaction list Journal entry worksheet 2 Record the issuance of 3,300 shares of $15 par value common stock for $52,000 of inventory, $140,000 of machinery, and acceptance of a $102,000 note payable. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry View generaliournal. Clear entry View transaction list Journal entry worksheet 1 2 3 Common stock, $1 par value Record the $317,000 c Common stock, $1 stated value Common stock, $15 par value Note: Enter deb Common stock, $4 par value Common stock, $8 stated value Credit Transaction Common stock, no-par value a. Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 Record the Paid-in capital in excess of par value, common stock $317,000 d Paid-in capital in excess of par value, preferred stock Paid-in capital in excess of stated value, common stock Note: Enter deb Preferred stock, $50 par value Transaction Credit Retained earnings a. Record entry View general journal Clear entry
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