Coastal Corporation has two classes of stock: common, $4 par value; and preferred, $5 par value. Requirements 1. Journalize Coastal's issuance of 5,500 shares of common stock for $10 per share. 2. Journalize Coastal's issuance of 5,500 shares of preferred stock for a total of $27,500, Requirement 1. Joumalize Coastal's issuance of 5,500 shares of common stock for $10 per share. (Record debits first, then credits. Abquirements 1. Jouralise Comtah insuance of $500 harm of conmen stad for $10 per shute. Coastal Corporation has two classes of stock common, $4 par value; and preferred, $5 par value. Requirements 1. Journalize Coastal's issuance of 5,500 shares of common stock for $10 per share. 2. Journalize Coastal's issuance of 5,500 shares of preferred stock for a total of $27,500. Requirement 1. Joumalize Coastal's issuance of 5,500 shares of common stock for $10 per share. (Re