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

a. Preferred Stock for $500,000 and Retained Earnings for $250,000.
b. Preferred Stock for $750,000.
c. Paid-in Capital from Preferred Stock for $750,000.
d. Preferred stock for $500,000 and Paid-in Capital in Excess of Par ValuePreferred Stock for $250,000.

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900