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  3. on may 25, tyler, inc. issues 100 shares of $10 pa

On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for...

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Accounting

On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for $5,000 cash. The entry to record this transaction to the preferred stock account in the amount of O credit; $1,000 O debit; $5,000 O credit; $5,000 O debit; $1,000
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On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for $5,000 cash. The entry to record this transaction to the preferred stock account in the amount of credit; $1,000 debit; $5,000 credit; $5,000 debit; $1,000

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