Which one of the following alternatives is correct in regarding to recording the transaction for receiving share applications and money from the public? a. The bank account must be debited with the amount received and a temporary "application and allotment account" is credited b. The bank account must be debited with the amount received and a temporary "application and allotment account" is credited with the value of the shares issued c. The bank account must be debited with the amount received and a temporary "application and allotment account" is credited to the extent of the shares offered to the public d. The bank account must be credited with the amount received and a temporary "application and allotment account" is debited