A company issues 100,000 shares of 5%,$10 par value preferred stock for $17 per share. The entry to record this transaction would include: Multiple Choice A credit to Preferred Stock for $1,700,000 A debit to Additional-Paid in Capital for $700.000. A credit to Additionel-Poid in Copital for $1,700,000. A credit to Preferred Stock for $1,000,000