Prepare the issuer's journal entry for each of the following separate transactions.
A. On March 1, Atlantic Co. issues 45,000 shares of $3 par value common stock for $305,000 cash.
B. On April 1, OP Co. 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.

Double entry is given in the explanation.

Explanation:

Part A. The common stock is always recorded at par which is $3 per share here and the Capital Paid In is the remainder amount which is calculated as under:

Capital Paid In = Cash Received - Common Stock

Here,

Capital Received is $305,000

Capital Stock = 45,000 shares * $3 par value  = $135,000

By putting the values, we have:

Capital Paid In = $305,000 - $135,000 = $170,000

Double Entry would be:

Dr Cash  $305,000

Cr Common Stock  $135,000

Cr Capital Paid In    $170,000

Part B. The common stock of the stocks that are issued at no par value is always recorded at money received which means there is no capital paid-in.

Double Entry would be:

Dr Cash  $75,000

Cr Common Stock  $75,000

Part C. The inventory received is worth $44,000 which would be debited to inventory account. In exchange of inventory $44,000 and machinery worth $160,000 (Machinery will also be debited), 2500 shares having $25 par value (common stock will be credited at par and the excess of par would be capital paid-in) and $94,000 note payables were issued (Note payable would be credited at $94,000).  

Double Entry would be:

Dr Inventory  $44,000

Dr Machinery $160,000

Cr           Note Payable                           $94,000

Cr           Common Stock (2000 * $25) $50,000

Cr Capital Paid In  (Balancing Figure)   $60,000

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.