Arizona Corporation has two classes of stock: common, $5 par value; and preferred, $10 par value. Requirements 1. Journalize Arizona's issuance of 1,000 shares of common stock for $15 per share. 2. Journalize Arizona's issuance of 1,000 shares of preferred stock for a total of $10,000. Requirement 1. Journalize Arizona's issuance of 1,000 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.)