The ABC Corporation was organized on February 1, 2021 and is authorized to issue 100,000 shares of no-par, no stated value ordinary share capital. Subsequently, 20,000 shares were sold at P10 per share. What is the entry to record the sale?

a.) Debit Cash P 200,000; Credit Ordinary Share Capital Subscribed P 200,000

b.) Debit Cash P 100,000; Credit Ordinary Share Capital P 100,000

c.) Debit Cash P 200,000; Credit Ordinary Share Capital P 200,000

d.) Debit Cash P120,000; Credit Ordinary Share Capital P 120,000

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