Prepare the issuer's journal entry for each of the following separate transactions, a. On March 1, Atlantic Co. Issues 42,500 shares of $4 par value common stock for $297,500 cash b. On April 1, OP Co. Issues no par value common stock for $70,000 cash. c. On April 6, MPG issues 2,000 shares of $25 par value common stock for $45,000 of inventory. $145,000 of machinery, and acceptance of a $94.000 note payable. No Transaction Credit Answer is complete but not entirely General Journal Cash Common stock, $4 par value Paid-in capital in excess of par value, common stock Debit 297,500 170,000 127,500 70,000 Cash Common stock, no par value 70,000 OOOOOOOOOO 45,000 145,000 Inventory Machinery Common stock, no par value Paid-in capital in excess of par value, common stock Note payable 50,000 46,000 94,000