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please solve ASAP, will like, thank you! Calforria Coporation has two classes of stock: common, $3 par value; and preferred, 525 par value. Requirements 1.

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Calforria Coporation has two classes of stock: common, $3 par value; and preferred, 525 par value. Requirements 1. Journilize Califorria's issuance of 1,500 shares of common stock for $5 per share. 2. Jourvalize California's issuance of 1,500 shares of prefenred stock for a total of $37,500. Requirement 1. Joumalize Califoria's issusnce of 1,500 stares of common stock for $6 per share. (Recard debits first, then credits. Setect the explanation joumsl entry tablo) poimal enty table )

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