ABC. Ltd decided to issue 100 000 ordinary shares for $3.00 each, payable in installments, 50c on application, $1.50 on the allotment, and the balance payable at the discretion of the company. Applications were received for 120 000 shares. The shares were allotted by the directors a week after the close of applications and refunds were made for 20 000 shares. The correct journal entry to record the full receipt of the allotment installment is: Select one: O a.. DR Share capital $150 000; CR Bank account $150 000 O b. DR Allotment $180 000; CR Share capital $180 00 C. DR Bank account $180 000; CR Allotment $180 000 O d. DR Bank account $150 000; CR Allotment $150 000