Journalizing issuance of stock - at par and at a premium Colorado Corporation has two classes of stock: Common, $3 par value; and preferred, $30 par value 1. Journalize Colorados issuance of 4,500 shares of common stock for $6 per share. 2. Journalize Colorados issuance of 4,500 shares of preferred stock for a total of $135,000.