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On December 1, DOS Corporation issued 1,000 shares of its P10 par ordinary share capital and 2,000 shares of its P10 par preference share capital

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On December 1, DOS Corporation issued 1,000 shares of its P10 par ordinary share capital and 2,000 shares of its P10 par preference share capital for a lump sum of $40,000. At this date, ordinary share is selling for 18 per share and the preference share for $13.50 per share. How much should the "Ordinary Share Capital account be credited? (The entry to record the issuance of the shares serves as the solution for this problem)

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