POR SAOG issues 500,000 10% Redeemable Preference Stock with a par value of OMR1 was issued at a price of OMR1.400 on 1st Jan 2019. Which one of the following is Journal Entry is Correct at the time of issue of shares? a. Debit Bank OMR 70.000 Credit 10% Redeemable Preference Stock OMR 50,000 Credit Share premium OMR 20.000 b. Debit Bank OMR 700,000 Credit 10% Redeemable Preference Stock OMR 500,000 Credit Share premium OMR 200,000 c. Debit Redeemable Preference Stock OMR 700,000 Credit Bank OMR 500,000 Credit Share premium OMR 200,000 O d. Debit Redeemable Preference Stock OMR 50,000 Credit Bank OMR 50,000