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Suppose a company issues: 100,000 Ordinary Shares which are NO PAR shares. The Issue Price = $10 per Ordinary Share: The Journal Entry to record

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Suppose a company issues: 100,000 Ordinary Shares which are NO PAR shares. The Issue Price = $10 per Ordinary Share: The Journal Entry to record this transaction is: Select one: O a. None of these answers O b. Debit: Cash, $600,000. Credit: Share Capital, $400,000. Share Premium, $200,000 O c. Debit: Cash, $1,000,000. Credit: Share Capital, $1,000,000. Share Premium, so. Od. Debit: Cash, $400,000. Credit: Share Capital, $400,000. Share Premium, $0. O e. Debit Cash, $1,000,000. Credit: Share Capital, $600,000. Share Premium, $500,000

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