California Corporation has two classes of stock common 55 par value and preferred, 530 par value Requirements 1. Journalize California's issuance of 2,000 shares of common stock for 57 per share 2. Journalize California's issuance of 2,000 shares of preferred stock for a total of $60.000 Requirement 1. Journalize California's issuance of 2.000 shares of common stock for $7 per share. (Check your speling carduly and do not abbreviate. Be sure to include the type of stock in the account names where applicable and entel par values as whole dollar amounts. 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 California's issuance of 2.000 shares of preferred stock for a total of 560,000. (Check your spelling carefully and do not abbreviate. Be sure to include the type of stock in the account names where applicable and enter par values as whole dollar amounts. Record debits first, then credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit reyri