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38. The entry to record the transaction will consist of a debit to Cash for $1,800,000 and a credit or credits to A) Preferred Stock for $1,800,000. B) Preferred Stock for $1,500,000 and Paid-in Capital in Excess of Par Value-Preferred Stock for $300,000. C) Preferred Stock for $1,500,000 and Retained Earnings for $300,000. D) Paid-in Capital from Preferred Stock for $1,800,000