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Business, 14.12.2019 01:31 Deadpool9609

Prepare the issuer’s journal entry for each of the following separate transactions.

a. on march 1, atlantic co. issues 42,500 shares of $4 par value common stock for $297,500 cash.
b. on april 1, op co. issues no-par value common stock for $70,000 cash.
c. on april 6, mpg issues 2,000 shares of $25 par value common stock for $45,000 of inventory, $145,000 of machinery, and acceptance of a $94,000 note payable.

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Prepare the issuer’s journal entry for each of the following separate transactions.

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