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Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 46,000 shares of $5 par value
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 46,000 shares of $5 par value common stock for $308,000 cash. b. On April 1, OP Co. issues no-par value common stock for $77,000 cash. c. On April 6, MPG issues 2,700 shares of $25 par value common stock for $46,000 of inventory, $170,000 of machinery, and acceptance of a $96,000 note payable. View transaction list A Journal entry worksheet Record the issuance of 46,000 shares of $5 par value common stock for $308,000 cash. rences Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 46,000 shares of $5 par value common stock for $308,000 cash. b. On April 1, OP Co. Issues no par value common stock for $77,000 cash, c. On April 6, MPG issues 2.700 shares of $25 par value common stock for $46,000 of inventory, $170,000 of machinery, and acceptance of a $96,000 note payable. ped View transaction list 3 Journal entry worksheet
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