Prepare the issuers journal entry for each of the following separate transactions.

a. On March 1, Atlantic Company issues 42,500 shares of $4 par value common stock for $297,500 cash.

b. On April 1, OP Company 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.