Maine Corporation has two classes of stock: common, $1 par value; and preferred, $10 par value. Requirements 1. Journalize Maine's issuance of 5,000 shares of common stock for $11 per share. 2. Journalize Maine's issuance of 5,000 shares of preferred stock for a total of $50,000. Requirement 1. Journalize Maine's issuance of 5,000 shares of common stock for $11 per share. (Record debits first Accounts and Explanations Debit Credit Date Cash Common Stock-$1 Par Value Paid-in Capital in Excess of Par-Common Paid-in Capital in Excess of Par-Preferred Preferred Stock-No Par Value Retained Earnings Maine Corporation has two classes of stock: common, $1 par value; and preferred, $10 par value. Requirements 1. Journalize Meinale innumann non-haran at anmmon stanlfar &11 max share. 2. Journalize Me F $50,000 Declared a cash dividend. Issued common stock at a discount. Requirement 1. k for $11 per share. (Record det Issued common stock at par. Date Issued common stock at a premium Debit Credit Issued preferred stock at a discount. Issued preferred stock at a premium. Payment of cash dividend. Purchased treasury stock. Sold treasury stock above cost