Z plc allotted one million shares of 50p each, as 35p called up per share, requiring an immediate payment of 45p per share. Accounting entries to record the allotment are:
(a) Dr Share allotment £450,000; Cr Share capital £350,000 and Cr Share premium £100,000
(b) Dr Share capital £350,000; Dr Share premium £100,000 and Cr Cash £450,000
(c) Dr Share allotment £350,000; Cr Share capital £250,000 and Cr Share premium £100,000
(d) Dr Share allotment £500,000; Cr Share capital £400,000 and Cr Share premium £100,000