QS 11-5 (Algo) Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atlantic Company issues 45,000 shares of $3 par value common stock for $305,000 cash. On April 1, OP Company issues no-par value common stock for $75,000 cash. On April 6, MPG issues 2,500 shares of $25 par value common stock for $44,000 of inventory, $160,000 of machinery, and acceptance of a $94,000 note