Taleb Cars Ltd. issued 5,000 shares of $ 15 each at a premium of $ 5 per share, payable as:

On application $ 6 (including $ 2 premium) per share

On allotment $ 14 (including $ 3 premium) per share

Applications were received for 5,000 shares and allotment was made to all.

The journal entries of allotment are:

A.

Particulares	Dr	Cr	Particulares	Dr	Cr
Share Capital A/c Share Allotment A/c Securities Premium a/c (Share allotment money with premium amount Due)	70,000	55,000 15,000	Bank A/c Share Allotment A/C Securities Premium a/c	70,000	55,000 15,000

B.

Particulares	Dr	Cr	Particulares	Dr	Cr
Bank A/c Share Allotment A/c (Amount received for 5,000 shares)	70,000	70,000	Share Allotment A/c Share Capital A/ Securities Premium A/c (Share allotment money transferred to share capital & securities Premium	70,000	55,000 15,000

C.

Particulares	Dr	Cr	Particulares	Dr	Cr
Share Allotment A/c Share Capital A/c Securities Premium a/c (Share allotment money with premium amount Due)	70,000	55,000 15,000	Bank A/c Share Allotment A/C	70,000	70,000

D.

Particulares	Dr	Cr	Particulares	Dr	Cr
Bank A/c Share Capital A/c Securities Premium a/c (Share allotment money with premium amount Due)	70,000	55,000 15,000	Share Capital A/ Securities Premium A/c Share Allotment A/c (Share allotment money transferred to share capital & securities Premium	55,000 15,000	70,000