Rebel Inc Issued 5,000 No-Par Ordinary Shares with a Stated Value

Multiple Choice

Rebel Inc. issued 5,000 no-par ordinary shares with a stated value of $3 per share. The market price of the shares on the date of issuance was $12 per share. The entry to record this transaction includes a

A) debit to Cash for $15,000.
B) credit to Share Capital-Ordinary for $60,000.
C) credit to Share Capital-Ordinary for $15,000.
D) debit to Share Premium-Ordinary for $60,000.