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43. Wally, Inc. issued 500 shares of $10 par preferred stock at $83 a share. Each share had a warrant attached that allowed the holder

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43. Wally, Inc. issued 500 shares of $10 par preferred stock at $83 a share. Each share had a warrant attached that allowed the holder to purchase one share of $5 par common stock for $15. Soon after the preferred stock was issued, the preferred stock was selling eX-rights for $64 a share and the warrants for $16 each. The entry to record the issuance of the preferred stock would include a a. debit to Retained Earnings for $8,300 b. credit to Additional Paid-in Capital on Preferred Stock for $28,200 c. debit to Common Stock Warrants for $8,300 d. credit to Additional Paid-in Capital on Common Stock for $8,300

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