The Sneed Corporation issues 14,700 shares of $53 par preferred stock for cash at $63 per share. The entry to record the transaction will consist of a debit to Cash for $926,100 and a credit or credits to a. Paid-in Capital from Preferred Stock for $926,100. b. Preferred stock for $779,100 and Paid-in Capital in Excess of Par ValuePreferred Stock for $147,000. c. Preferred Stock for $779,100 and Retained Earnings for $147,000. d. Preferred Stock for $926,100.