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Arizona Corporation has two classes of stock common, $2 par value; and preferred, $10 par value Requirements 1. Journalize Arizona's issuance of 4,500 shares

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Arizona Corporation has two classes of stock common, $2 par value; and preferred, $10 par value Requirements 1. Journalize Arizona's issuance of 4,500 shares of common stock for $15 per share. 2. Journalize Arizona's issuance of 4,500 shares of preferred stock for a total of $45,000. Requirement 1. Journalize Arizona's issuance of 4,500 shares of common stock for $15 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 Renuirement? Inumaliza Arizona's leanance of 4 500 chares of nreferred stock for a total of $45 000 (Record dohits first than crafts Select the avlanation

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