Cooke Corporation issues 10,000 shares of $50 par value preferred stock for cash at $80 per share. The entry to record the transaction will consist of a debit to Cash for $800,000 and a credit or credits to a. b. c. d. Preferred Stock for $800,000. Preferred Stock for $500,000 and Paid-in Capital in Excess of ParPreferred Stock for $300,000. Preferred Stock for $300,000 and Paid-in Capital from Preferred Stock for $500,000. Paid-in Capital from Preferred Stock for $800,000