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Prepare the issuer's Journal entry for each of the following separate transactions a. On March 1. Atlantic Co. Issues 50,500 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 50,500 shares of $4 par value common stock for $321,500 cash. b. On April 1. OP Co. Issues no par value common stock for $86,000 cash. On April 6, MPG issues 3,600 shares of $20 par value common stock for $55,000 of Inventory, $165,000 of machinery, and acceptance of a $91,000 note payable. View transaction list Journal entry worksheet Record the issuance of 50,500 shares of $4 par value common stock for $321,500 cash. Note: Enter debits before credits. General Journal Debit Credit View general Journal Clear entry Record entry

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