On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for $5,000 cash. The entry to record this transaction to the preferred stock account in the amount of O credit; $1,000 O debit; $5,000 O credit; $5,000 O debit; $1,000

On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for $5,000 cash. The entry to record this transaction to the preferred stock account in the amount of credit; $1,000 debit; $5,000 credit; $5,000 debit; $1,000