Dunbar Corporation was incorporated on July 1, 2018. Dunbar Corporation issued shares to each of the six owners who paid a total of $3,000 cash. On the basis of transaction analysis, the following entry should be recorded in the accounts (dr = debit and cr = credit)

Select one:

a. cash (cr), $3,000; share capital (dr), $3,000.

b. cash (dr), $3,000; revenue (cr), $3,000.

c. cash (dr), $3,000; share capital (cr), $3,000.

d. cash (cr), $3,000; shareholders' equity (dr), $3,000.