The Sneed Corporation issues 9,300 shares of $45 par preferred stock for cash at $62 per share. The entry to record the transaction will consist of a debit to Cash for $576,600 and a credit or credits to

Oa. Preferred Stock for $418,500 and Retained Earnings for $158,100.

Ob. Preferred stock for $418,500 and Paid-in Capital in Excess of Par Value-Preferred Stock for $158,100.

Oc. Preferred Stock for $576.600.

Od. Paid-in Capital from Preferred Stock for $576,600.

The Seed Corporation issues 9,300 shares of $45 par preferred stock for cash at $62 per share. The entry to record the transaction will consist of a debit to Cash for $576,600 and a credit or credits to Oa. Meled Sack S5418.500 and Betained Fatningsfe5158,10 Ob Melmed to fit 5418.500 and Pian Capital in Excel Par ValuePreferred Stockfie 5158,100 Oc Preferred Stock for $376,600 Od, Pada Capili u Pemed Stock tut 3576.00