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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1Atlantic Co. issues 52, 000 shares of $5 par value
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1Atlantic Co. issues 52, 000 shares of $5 par value common stock for $326,000 cash. b. On April 1, OP Co. no-par value common stock for $89.000 cash C. On April 6. MPG issues 3,900 shares of $25 par value common stock for $58,000 of Inventory, \$180,000 of machineryand acceptance of a $94,000 note payable.
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