A company made an issue for cash of 1,000,000 50c shares at a premium of 30c per share.
Which of the following journal entries correctly records the issue?
Debit Credit
$ $
A Share capital 500,000
Share premium 300,000
Bank 800,000
B Bank 800,000
Share capital 500,000
Share premium 300,000
C Bank 1,300,000
Share capital 1,000,000
Share premium 300,000
D Share capital 1,000,000
Share premium 300,000
Bank 1,300,000
B
B
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