Question 1 stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $847500 and a credit or credits to Preferred Stock for $282500 and Preferred Stock for $847500 Preferred Stock for $565000 and Paid-in Capital in Excess of Par-Preferred Stock for $282500 Capital from Preferred Stock for $565000. Click if you would like to Show Work for this questions Open Show Werk