New Corpissues 2,000 Ordinary Shares with a $10 Par Value at at $14

Multiple Choice

New Corp.issues 2,000 ordinary shares with a $10 par value at $14 per share.When the transaction is recorded, credits are made to

A) Share Capital-Ordinary $8,000 and Share Premium-Ordinary $20,000.
B) Share Capital-Ordinary $28,000.
C) Share Capital-Ordinary $20,000 and Share Premium-Ordinary $8,000.
D) Share Capital-Ordinary $20,000 and Retained Earnings $8,000.