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.

Lipman auto parts, a family-owned auto parts store, began january with $10,300.00 in cash. management forecasts that collections from credit customers will be $11,400.00 in january and $14,800.00 in february. the store is scheduled to receive $5,000.00 in cash on a business note receivable in january. projected cash payments include inventory purchases ($13,000.00 in january and $13,600.00 in february) and operating expenses ($2,700.00 each month). lipman auto parts' bank requires a $10,000.00 minimum balance in the store's checking account. at the end of any month when the account balance dips below $10,000.00, the bank automatically extends credit to the store in multiples of $1,000.00. lipman auto parts borrows as little as possible and pays back loans in quarterly installments of $2,000.00, plus 4 percent interest on the entire unpaid principal. the first payment occurs three months after the loan.