33. The Amex Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $750,000 and a credit or credits to a. Preferred Stock for $750,000 b. Preferred Stock for $500,000 and Paid-In Capital in Excess of Par-Preferred Stock for $250,000 Preferred Stock for $500,000 and Retained Earnings for $250,000 Paid-in Capital from Preferred Stock for $750,000 c. 34. Par value is the monetary value assigned per share in the corporate charter represents what a share of stock is worth represents the original selling price for a share of stock is established for a share of stock after it is issued C. d