Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 50,000 shares of $5 par value common stock for $320,000 cash. b. On April 1, OP Co. issues no par value common stock for $85,000 cash. c. On April 6, MPG issues 3,500 shares of $25 par value common stock for $54,000 of inventory, $160,000 of machinery, and acceptance of a $90,000 note payable. View transaction list Journal entry worksheet 2 3 Record the issuance of 50,000 shares of $5 par value common stock for $320,000 cash. Note: Enter debits before credits. Transaction General Journal Gener Debit Credit Record entry Clear entry View general journal Journal entry worksheet