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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

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
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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.)

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