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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1. Atlantic Company issues 42,500 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 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. Record the issuance of 42,500 shares of $4 par value common stock for $297,500 cash. Note: Enter debits before credits. Record the issuance of no-par value common stock for $70,000 cash. Note: Enter debits before credits. Record the issuance of 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. Mate. Fnter debits before credits

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