Prepare the issuer’s journal entry for each of the following separate transactions. a. on march 1, atlantic co. issues 51,000 shares of $3 par value common stock for $323,000 cash. b. on april 1, op co. issues no-par value common stock for $87,000 cash. c. on april 6, mpg issues 3,700 shares of $15 par value common stock for $56,000 of inventory, $170,000 of machinery, and acceptance of a $92,000 note payable.

March 1

Account                                             Debit               Credit

Cash                                                 $323,000

Common Stock                                                         $153,000

Paid-In Capital in Excess

of Par Value                                                              $170,000

April 1

Account                                              Debit                Credit

Cash                                                 $87,000

Common Stock-no par value                                    $87,000

April 6

Account                                             Debit                 Credit

Inventory                                          $56,000

Common Stock                                                           $56,000

Machinery                                        $170,000

Paid-In Capital in Excess of

Common Stock                                                           $170,000

Note Payable                                                              $92,000

Cash                                                 $92,000

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?