On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $107 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. General Journal: Date Accounts Debit Credit 1/2/16 Cash 37,500 Common Stock 10,000 Paid-In Capital in Excess of Par-Common Stock 27,500 1/15/16 Cash 107,000 Preferred Stock 100,000 Paid-in Capital in Excess of Par- 7,000 Preferred Stock