Springtown Ltd Issued 10 000 Ordinary Shares for $2

Multiple Choice

Springtown Ltd issued 10 000 ordinary shares for $2.50 each,payable $1 on application,50 cents on allotment and $1 in calls as required.The journal entries to record the allotment of 10 000 shares would include a:

A) credit to cash,$5000.
B) debit to allotment,$10 000.
C) credit to share capital,$25 000.
D) credit to share capital,$5000.