On February 1, 2014, SEC authorized TINY INC. to issue 100,000 shares with par value of P10 per share. On February 3, 2014, TINY received subscriptions for 25,000 shares at par. TINY collected 35% on such subscriptions on February 4, 2014. On February 10, 2014, TINY received full payment on 5,000 shares originally subscribed and thereafter issued share certificates for 5,000 shares.

Under the journal entry method of accounting for share capital transactions, how would TINY journalize the issuance of shares on February 10, 2014?

Group of answer choices

DR -Subscribed Share Capital50,000 CR -Unissued Share Capital 50,000

DR -Subscribed Share Capital 32,500 CR -Share Capital 32,500

DR -Subscribed Share Capital 32,500 CR - Unissued Share Capital 32,500

DR - Subscribed Share Capital 50,000 CR - Share Capital 50,000