a. On March 1, Atlantic Company issues 45,000 shares of $3 par value common stock for...
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a. On March 1, Atlantic Company issues 45,000 shares of $3 par value common stock for $305,000 cash. b. On April 1, OP Company issues no-par value common stock for $75,000 cash. c. 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 payable. View transaction list Journal entry worksheet 1 2 Record the issuance of 45,000 shares of $3 par value common stock for $305,000 cash. Transaction a. Note: Enter debits before credits. 3 Record entry General Journal Clear entry Debit Credit View general iournal a. On March 1, Atlantic Company issues 45,000 shares of $3 par value common stock for $305,000 cash. b. On April 1, OP Company issues no-par value common stock for $75,000 cash. c. 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 payable. View transaction list Journal entry worksheet 1 2 Record the issuance of 45,000 shares of $3 par value common stock for $305,000 cash. Transaction a. Note: Enter debits before credits. 3 Record entry General Journal Clear entry Debit Credit View general iournal
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