Ariel Company Sells Preferred Stock at Par Value, and Records

Ariel Company sells preferred stock at par value, and records a:

A) debit to Cash and a credit to Common Stock.
B) debit to Preferred Stock and a credit to Cash.
C) debit to Cash and a credit to Preferred Stock.
D) debit to Cash, credit to Preferred Stock and a credit to Paid in Capital in Excess of Par Value-Preferred Stock.