Colorado Corporation has two dasses of stock: common, $5 par value; and preferred, $10 par value. Requirements 1. Joumalize Colorado's issuance of 1,500 shares of common stock for $8 per share. 2. Joumalize Colorado'n issuance of 1,500 shares of preferred stock for a total of $15,000. Requirement 1. Joumalize Colorado's issuance of 1,500 shares of common stock for $8 per share. (Record debits first, then credits. Select the explanation on the last ine of the joumal entry table.) The Jack Frost Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $4,000 for five months of advertising. How much advertising expense should Jack Frost Law Firm record for the two months ending February 28 under the a. cash basis? b. accrual basis? a. Under the cash basis, Jack Frost Law Firm will record $ of advertising expense for the two months ending February 28. b. Under the accrual basis, Jack Frost Law Firm will record $ of advertising expense for the two months ending February 28. On January 1, 2018, the Walden's Restaurant decides to invest in Lake Goodiock bonds. The bonds meture on December 31, 2024, and pay interest on June 30 and December 31 at 6% annually. The market rate of interest was 6% on January 1, 2018, so the $70,000 maturity value bonds sold for face value. Walden's intends to hold the bonds until December 31, 2024. Requirements 1. Joumalize the transactions related to Walden's investment in Lake Goodlock bonds during 2018. 2. In what category would Walden's report the investment on the December 31, 2018, balance sheet