19 The Nice Corporation issues 20,000 preference shares with a $100 par value for cash at $110 per share. The entry to record the transaction will consist of a debit to Cash for $2,200,000 and a credit or credits to O Share Capital-Preference for $2,200,000. O Share Capital-Preference for $2,000,000 and Retained Earnings for $200,000. Share Premium-Preference for $2,000,000. O Share Capital-Preference for $2,000,000 and Share Premium-Preference for $200,000