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please do both requirements- thank you! Maine Corporation has two classes of stock common, 54 par value and preferred, $25 par value Requirements 1. Journalize

please do both requirements- thank you! image text in transcribed
Maine Corporation has two classes of stock common, 54 par value and preferred, $25 par value Requirements 1. Journalize Maine's issuance of 1,000 shares of common stock for $5 per share 2. Journalize Maine's issuance of 1,000 shares of preferred stock for a total of $25,000 Requirement 1. Journalize Maine's issuance of 1,000 shares of common stock for 55 per share (Record debits first then creditu. Select the explanation on the last line of the joumal entry table) Date Accounts and Explanations Debit Credit 1 TO

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