Business, 04.05.2021 23:10 kellersweeney
Prepare the issuer's journal entry for each of the following separate transactions.
a. On March 1, Atlantic Co. issues 52,500 shares of $4 par value common stock for $327,500 cash.
b. On April 1, OP Co. issues no-par value common stock for $90,000 cash.
c. On April 6, MPG issues 4,000 shares of $20 par value common stock for $59,000 of inventory, $185,000 of machinery, and acceptance of a $95,000 note payable.
Answers: 1
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Prepare the issuer's journal entry for each of the following separate transactions.
a. On March 1...
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