April , Inc. issued 7,000 shares of proferred stock for $469,000. The stock has a par value of $67 per share. The Journal entry to record this transaction would O A. debit Cash $469,000, credit Preferred Stock-S67 Par Value $7,000, and credit Pald - In Capital in Excess of Par-Preferred $462,000 B. credit Cash $469,000, debit Preferred Stock--567 Par Value $7,000, and debit Paid - In Capital in Excess of Par-Preferred $462,000 OC. debit Cash $469,000 and credit Preferred Stock-567 Par Value $469,000 D. Credit Cash $469,000 and debit Preferred Stock--567 Par Value $469,000