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Journalizing issuance of stock - at par and at a premium Coastal Corporation has two classes of stock: common, $ 6 par value; and preferred,

Journalizing issuance of stock-at par and at a premium
Coastal Corporation has two classes of stock: common, $6 par value; and preferred, $1 par value.
Requirements
Journalize Coastal's issuance of 6,000 shares of common stock for $10 per share.
Journalize Coastal's issuance of 5,500 shares of preferred stock for a total of $27,500.
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