331 12:20 docs.google.com/form 15 considered to be a reduction in the cost of borrowing interest expense) 9 3 points Cooke Corporation issues 10,000 shares of $50 par value preferred stock for cash at $90 per share. The entry to record the transaction will consist of a debit to Cash for $900,000 and a credit or credits to Preferred Stock for $500,000 and Paid-in Capital in Excess of Par- Preferred Stock for $400,000 Preferred Stock for $900,000 Preferred Stock for $400,000 and Paid-in Capital from Preferred Stock for $500,000 Paid-in Capital from Preferred Stock for 9900,000 HUAWEI