Birch Is a Publicly Traded Company and Issues 200 Preferred

Birch is a publicly traded company and issues 200 preferred shares for $12 per share. Which of the following is a part of the journal entry for this transaction?

A) Debiting preferred shares for $2,400
B) Crediting preferred shares for $2,400
C) Crediting cash for $2,400
D) Crediting preferred shares for $200
E) Debiting preferred shares for $200