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1. Maine Corporation has two classes of stock: common, $2 par value; and preferred, $30 par value. Requirements 1. Journalize Maine's issuance of 3,000 shares of common stock for $9 per share. 2. Journalize Maine's issuance of 3,000 shares of preferred stock for a total of $90,000. Requirement 1. Journalize Maine's issuance of 3,000 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 (1) Cash (2) Paid-In Capital in Excess of Par-Preferred Requirement 2. Journalize Maine's issuance of 3,000 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.) Date Accounts and Explanation Debit Credit CO 10)