This Question: 2 pts 15 of 28 (0 complete) 6. Kendell Corporation has two classes of stock Common, $2 par value; and Preferred, $7 par value. Journalize the issuance of 20,000 shares of common stock for $9 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanations Debit Credit 6. Kendell Corporation has two classes of stock Common, $2 par value, and Preferred, Date Accounts and Explanations Debi Cash Common Stock-$2 Par Value Paid-In Capital in Excess of ParCommon Paid-In Capital in Excess of ParPreferred Preferred StockNo Par Value Retained Earnings Declared a cash dividend. Issued common stock at a discount. Issued common stock at par. Issued common stock at a premium. Issued preferred stock at a discount. Issued preferred stock at a premium. Payment of cash dividend. Purchased treasury stock. Sold treasury stock above cost