A. Albert Corp. issued 2,000 shares of $50 par value preferred stock at $70 per share on 3/1/2021. To promote sales of preferred stock, a warrant is attached to each share of preferred stock to allow the holder to purchase one share of $1 par common stock at $20 per share. Immediate after the issuance, the preferred began selling ex-right on the market for $68 per share while the warrant began selling for $5 per share. On 4/20/2021, 1,000 warrants were exercised. The entry to record the issuance of 2,000 shares of preferred stock on 3/1/2021 will include:

a. debit Cash $146,000.

b. credit Paid-in Capital-Stock Warrants $9,589.

c. credit Preferred Stock $130,411.

d. debit Additional Paid-in Capital -Preferred Stock $30,411.

B. Using the information of question 4 on Alber Corp.'s issuance of preferred stock with warrants attached, the journal entry to record the issuance of 1,000 shares of common stock upon the exercise of 1,000 warrants on 4/20/2021 will include:

a. credit Cash $20,000

b. debit Common Stock $1,000

c. credit Additional Paid-in Capital- Common Stock $23,795

d. debit Paid-in Capital- Stock warrants $9,589

C. Using the information of question 4 on Alber Corp.'s issuan of preferred stock with warrants, the journal entry to record the expiration of 1,000 warrants expired on 7/15/2021 will include:

a. debit Paid-in Capital - Stock Warrants $4,795.

b. credit Paid-in Capital - Stock Warrants $4,795.

c. debit Paid-in Capital - Stock Warrants $9,589.

d. credit Paid-in Capital - Stock Warrants $9,589.