The Sneed Corporation issues $10,000$ shares of $$50$ par preferred stock for cash at $$75$ per share. The entry to record the transaction will consist of a debit to Cash for $$750,000$ and a credit or credits to $q,$

a$.$ Preferred Stock for $$500,000$ and Retained Earnings for $$250,000$

$q,$

b$.$ Preferred Stock for $$500,000$ and Paid$-$In Capital in Excess of Par$-$Preferred Stock for $$250,000$

$q,$

c$.$ Preferred Stock for $$750,000$

d$.$ Paid$-$In Capital from Preferred Stock for $$750,000$