April, Inc. issued 6,000 shares of preferred stock for $396,000. The stock has a par value of $66 per share. The journal entry to record this transaction would O A. credit Cash $396,000 and debit Preferred Stock-$66 Par Value $396,000 O B.. debit Cash $396,000 and credit Preferred Stock-$66 Par Value $396,000 O C. credit Cash $396,000, debit Preferred Stock-$66 Par Value $6,000, and debit Paid - In Capital in Excess of Par-Preferred $390,000 O D. debit Cash $396,000, credit Preferred Stock-$66 Par Value $6,000, and credit Paid - In Capital in Excess of Par-Preferred $390,000