On 1 November Yasmine Company Pty Ltd Issued 100 000

Multiple Choice

On 1 November Yasmine Company Pty Ltd issued 100 000 shares for $5 each. The correct entry to record this transaction is:

A) DR Cash $500 000; CR Shareholder's equity $500 000.
B) DR Cash $500 000; CR Share capital $500 000
C) DR Cash $500 000; CR Share capital $500 000.
D) DR Shareholder's equity $500 000; CR Cash $500 000