[33] Wind-Turbines, Inc., [WT] is authorized to issue 600,000 common shares. It issued subscriptions for 75,000 common shares at $27 per share on February 1, 2017. It required subscribers to pay 30% on this date and the balance later on demand. Similar shares of the company were being traded in the market at $20 each on that date. The journal entry to record this transaction on February 1, 2017, would be

DEBIT-Cash [$4,860,000]; CREDIT-Common Shares Capital [$4,860,000].

b.

DEBIT-Share Subscriptions Receivable [$1,417,500]; DEBIT-Cash [$607,500]; CREDIT-Common Shares Subscribed [$2,025,000].

c.

DEBIT-Share Subscriptions Receivable [$11,340,000]; DEBIT-Cash [$4,860,000]; CREDIT-Common Shares Subscribed [$16,200,000].

d.

DEBIT-Share Subscriptions Receivable [$11,340,000]; DEBIT-Cash [$4,860,000]; CREDIT-Common Shares Capital [$16,200,000].

e.

None of the above