Colorado, Inc., has two classes of stock, $4 par common and $15 par preferred. Journalize Colorado's issuance of the following: a. 2,000 shares of common stock for $45 per share. b. 2,000 shares of preferred stock for a total of $90,000. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Journalize the issuance of 2,000 shares of common stock for $45 per share. a. Journal Entry Accounts Debit Credit C Colorado, Inc., has two classes of stock, $4 par common and $15 par preferred. Journalize Colorado's issuance of the following: a. 2,000 shares of common stock for $45 per share. b. 2,000 shares of preferred stock for a total of $90,000. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) b. Journalize the issuance of 2,000 shares of preferred stock for a total of $90,000. b. Journal Entry Accounts Debit Credit