If Dakota Company issues 1,900 shares of $7 par common stock for $28,500, Oa. Paid-in Capital in excess of Par Value will be credited for $15,200. Ob. Common Stock will be credited for $28,500. Oc. Cash will be debited for $13,300. Od. Paid-in Capital in excess of Par Value will be credited for $13,300. The Sneed Corporation issues 9,700 shares of $55 par preferred stock for cash at $68 per share. The entry to record the transaction will consist of a debit to Cash for $659,600 and a credit or credits to a. Preferred Stock for $533,500 and Retained Earnings for $126,100 Ob. Paid in Capital from Preferred Stock for $659,600. Oc. Preferred stock for 5533.500 and Paid in Capital in Excess of Par Valoe-Preferred Stock for $126,100, Od. Preferred Stock for $659,600