2. Colorado Corporation has two classes of stock: common, $3 par value; and preferred, $30 par value. Requirements 1. Journalize Colorado's issuance of 4,500 shares of common stock for $6 per share. 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a total of $135,000. Requirement 1. Journalize Colorado's issuance of 4,500 shares of common stock for $6 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanations Debit Credit Requirement 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a total of $135,000. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Date Accounts and Explanation Debit Credit (1) O Cash O Common Stock-$3 Par Value O Paid-In Capital in Excess of Par-Common O Paid-In Capital in Excess of Par-Preferred Preferred Stock-No Par Value Retained Earnings (2) O O Cash Common Stock-$3 Par Value O Paid-In Capital in Excess of Par-Common O Paid-In Capital in Excess of Par-Preferred O Preferred Stock-No Par Value O Retained Earnings (3) O O Cash Common Stock-$3 Par Value O Paid-In Capital in Excess of Par-Common O Paid-In Capital in Excess of Par-Preferred O Preferred Stock-No Par Value Retained Earnings (4) O O Cash O Common Stock-$3 Par Value O Paid-In Capital in Excess of Par-Common O Paid In Capital in Excess of Par-Preferred O Preferred Stock-No Par Value O Retained Eamnings Purchased treasury stock. Sold treasury stock above cost. (5) O O Declared a cash dividend. Issued common stock at a discount Issued common stock at par. Issued common stock at a premium. Issued preferred stock at a discount. Issued preferred stock at a premium. O Payment of cash dividend. (6) O Retained Earnings Treasury Stock-Common O Cash O Common Stock-$3 Par Value Equipment Inventory O Pald-In Capital in Excess of Par-Common O Paid-In Capital in Excess of Par-Preferred Preferred Stock-$30 Par Value O Retained Earnings Treasury Stock-Common (7) O O Cash Common Stock-$3 Par Value O Equipment Inventory O Paid-In Capital in Excess of Par-Common O Paid-In Capital in Excess of Par-Preferred O Preferred Stock-$30 Par Value (8) Inventory O Paid-In Capital in Excess of Par-Common O Paid-In Capital in Excess of Par-Preferred O Preferred Stock-$30 Par Value Retained Earnings Treasury Stock-Common O Cash O Common Stock-$3 Par Value Equipment O Retained Earnings Treasury Stock-Common (9) O O Cash Common Stock-$3 Par Value O Equipment Inventory O Pald-In Capital in Excess of Par-Common O Paid-In Capital in Excess of Par-Preferred O Preferred Stock-$30 Par Value (10) O Issued preferred stock at a premium. Issued preferred stock at par. Issued common stock for cash. Issued common stock for inventory and equipment Issued preferred stock at a discount