Question: a . On March 1 , Atlantic Co . issues 5 0 , 0 0 0 shares of ( $ 5 )

a. On March 1, Atlantic Co. issues 50,000 shares of \(\$ 5\) par value common stock for \(\$ 320,000\) cash. b. On April 1, OP Co. issues no-par value common stock for \(\$ 85,000\) cash. c. On April 6, MPG issues 3,500 shares of \(\$ 25\) par value common stock for \(\$ 54,000\) of inventory, \(\$ 160,000\) of machinery, and acceptance of a \(\$ 90,000\) note payable. Journal entry worksheet Record the issuance of 50,000 shares of \(\$ 5\) par value common stock for \(\$ 320,000\) cash. Note: Enter debits before credits. /r/n Record the issuance of no-par value common stock for \(\$ 85,000\) cash. Note: Enter debits before credits. /r/n Record the issuance of 3,500 shares of \(\$ 25\) par value common stock for \(\$ 54,000\) of inventory, \(\$ 160,000\) of machinery, and acceptance of a \(\$ 90,000\) note payable. Note: Enter debits before credits.

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