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Question 2 4 pts Our company is authorized to issue 10,000 shares of $50 par value preferred stock. On August 21 we issued 3,000 shares

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Question 2 4 pts Our company is authorized to issue 10,000 shares of $50 par value preferred stock. On August 21 we issued 3,000 shares for $55 per share. What account(s) and amount(s) would we debit when we record the journal entry for this transaction? cash, $165,000 preferred stock. $150,000; and paid in capital in excess of par value, $15,000 preferred stock, $500,000; and paid in capital in excess of par value $50,000 cash, $1,200,000 Question 3 4 pts Our

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