£360,000, being the proceeds of issuing 600,000 Ordinary shares of 50p each, has been posted from the Cash Book to the credit of the Share capital account. How should this error be corrected?
(a) Dr Cash account £360,000, Cr Share capital account £300,000 and Cr Share premium £60,000
(b) Dr Suspense account £360,000, Cr Share capital a/c £300,000 and Cr Share premium £60,000
(c) Dr Share capital account £300,000, Cr Share premium account £360,000
(d) Dr Share capital account £60,000, Cr Share premium £60,000