THE FOLLWINO INFORMATION APPUES TO MULTIPLE CHOICE QUESTIONS: MCQ 1 to MCQS On February 2020 LEEDS Company issued 4,000 shores of 15 par value Ordinary Shores and 1000 shares of $60 par value Proforence Shores. The market price of one ordinary Shores is 100. The market price of one Proference Share in $300. LEEDS Company received a lump sum of $560,000 for the entire share issue Leesd Company record the above trosaction in a single (o combined) journal entry MCQ1 What is the correct entry with respect to CASH Select one O a None of these answers Ob DEBIT $560,000 c. DEBIT 5630,000 CREDIT $500,000 O CREDIT $630,000