QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 51,000 shares of $3 par value common stock for $323,000 cash. b. On April 1, OP Co. Issues no par value common stock for $87,000 cash. c. On April 6, MPG issues 3,700 shares of $15 por volue common stock for $56,000 of inventory, $170,000 of machinery, and acceptance of a $92,000 note payable