New Hampshire, Inc., has two classes of stock, $7 par common and $25 par preferred. Journalize New Hampshire's issuance of the following a. 1,500 shares of common stock for $30 per share. b. 1,500 shares of preferred stock for a total of $67,500. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Journalize the issuance of 1,500 shares of common stock for $30 per share. 0. Cash Journal Entry Accounts Debit Credit b. Journalize the issuance of 1,500 shares of preferred stock for a total of $67,500