Arizona Corporation has two classes of stock: common, S1 par value; and preferred, $20 par value. Requirements 1. Journalize Arizona's issuance of 5,000 shares of common stock for $11 per share. 2. Journalize Arizona's issuance of 5,000 shares of preferred stock for a total of $100,000. Requirement 1, Journalize Arizona's issuance of 5,000 shares of common stock for $11 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 Arizona's issuance of 5,000 shares of preferred stock for a total of $100,000. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Credit Date Debit