Aron Corporation has two classes of stock common, $3 par valt and preferred. $20 para Requirements 1. Jumalle Arron's issuance of 3.000 shares of common stock for $5 per share 2. Journal Aronssance of 3.000 shares of preferred stock for a total of $60,000 Requirement 1. Journalize Arizona's issuance of 3.000 shares of common stock for 6 pershare Record i n the Accounts and Explanations Debit Requirement 2. Jouma te Anna' ssuance of 3,000 shares of preferred work for a total of 500.000 Pecord de t on credits Select the explanation on the Accounts and Explanation line of the journal entry Debit Credit