Coronado Corporation issues 9600 shares of $50 par value preferred stock for cash at $70 per share. The entry to record the transaction will consist of a debit to Cash for $672000 and a credit or credits to Preferred Stock for $480000 and Paid-in Capital in Excess of Par-Preferred stock for $192000. Preferred Stock for $672000. Preferred Stock for $192000 and Pald-in Capital from Preferred Stock for $480000 Paid in Capital from Preferred Stock for $672000 6900 shares of treasury stock of Sheridan, Inc., previously acquired at $13 per share, are sold at $19 per share. The entry to record this transaction will include a O debit to Paid-In Capital from Treasury Stock for $41400, O debit to Treasury Stock for $89700. O credit to Treasury Stock for $131100 O credit to Paid In Capital from Treasury Stock for $41400. If Oriole Company issues. 5300 shares of $5 par value common stock for $178000, Pald-in Capital in Excess of Par will be credited for $151500. O Cash will be debited for $151500 O Paid-in Capital in Excess of Par will be credited for $26500. Common Stock will be credited for $178000. Sheridan Corporation sold 480 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record the sale will include a O credit to Paid-In Capital from Treasury Stock for $4800. debit to Pald-in Capital in Excess of Parfor $4800, O credit to Gain on Sale of Treasury Stock for $21600, o credit to Treasury Stock for $26400