SheffieldCorporation issues 10100 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $757500 and a credit or credits to Preferred Stock for $505000 and Paid-in Capital in Excess of Par-Preferred Stock for $252500. O Paid-in Capital from Preferred Stock for $757500. O Preferred Stock for $757500. O Preferred Stock for $252500 and Paid-in Capital from Preferred Stock for $505000