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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

image text in transcribedimage text in transcribedimage text in transcribed 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. Journal entry worksheet Record the issuance of 42,500 shares of $4 par value common stock for $297,500 cash. Note: Enter debits before credits. 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. Journal entry worksheet 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. Note: Enter debits before credits. 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. Journal entry worksheet Record the issuance of no-par value common stock for $70,000 cash. Note: Enter debits before credits

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