Fairmount Inc, issued 2,000 shares of $50 par Preferred Stock at $50, receiving cash. Which journal entry is required for this transaction? DEBIT Preferred Stock $100,000; CREDIT Cash $100.000 DEBIT Cash $100,000: CREDIT Preferred Stock $100.000 DEBIT Cash $100,000. CREDIT Common Stock $100.000 DEBIT Treasury Stock $100.000, CREDIT Cash $100.000 OOO