Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atlantic Co. issues 44,500 shares of $3 par value common stock for $303,500 cash. On April 1, OP Co. issues no-par value common stock for $74,000 cash. On April 6, MPG issues 2,400 shares of $20 par value common stock for $43,000 of inventory, $155,000 of machinery, and acceptance of a $93,000 note payable.
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Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atla...
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