6. Power Corporation has two classes of stock: Common, $1 par value and Preferred, $7 par value. Journalize the issuance of 15,000 shares of common stock for $8 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 Date Accounts and Explanations Debit Credit Cash Cash Common Stock$1 Par Value Paid-In Capital in Excess of ParCommon Paid-In Capital in Excess of ParPreferred Preferred StockNo Par Value Retained Earnings referred, $7 par value. Journalize the issuance of 15,000 shares of xplanation on the last line of the journal entry table.) Debit Credit 6. Power Corpor Declared a cash dividend. common stock fc Issued common stock at a discount. Issued common stock at par. Date Issued common stock at a premium. Issued preferred stock at a discount. Issued preferred stock at a premium. Payment of cash dividend. Purchased treasury stock. Sold treasury stock above cost