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Prepare the issuer journal entry for each

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Problem - Prepare the issuer's journal entry for each of the following separate transactions.

a. On March 1, Atlantic Co. issues 47,500 shares of $4 par value common stock for $312,500 cash.

b. On April 1, OP Co. issues no-par value common stock for $80,000 cash.

c. On April 6, MPG issues 3,000 shares of $15 par value common stock for $49,000 of inventory, $150,000 of machinery, ar acceptance of a $99,000 note payable.

Reference no: EM132727637

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