st K Colorado Corporation has two classes of stock: common, $1 par value; and preferred, $20 par value. Requirements 1. Journalize Colorado's issuance of 4,500 shares of common stock for $9 per share. 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a total of $90,000. 2015 Requirement 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a total of $90,000. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date Debit Credit

Colorado Corporation has twe classes of stock common, $1 par value; and preferted, $20 par value. Requirements 1. Journalize Colorado's issuance of 4,500 shares of common stock for $9 per share. 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a fotal of $90,000. Requirement 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a total of $90,000. (Record debiss frat, then credits. Select the explanafion on the last ine of the joumal enty table.)