Question: When shares are issued fully payable on application, the journal entries to record the issue ( assuming the minimum subscription is reached ) are: Question

When shares are issued fully payable on application, the journal entries to record the issue (assuming the minimum subscription is reached) are:
Question 22 Select one:
a.
Cash Dr X
Application Cr X
Application Dr X
Share Capital Cr X
b.
Cash Trust Dr X
Application Cr X
Cash Dr X
Cash Trust Cr X
c.
Cash Dr X
Allotment Cr X
Allotment Dr X
Share Capital Cr X
d.
Cash Trust Dr X
Application Cr X
Application Dr X
Share Capital Cr X
Cash Dr X
Cash Trust Cr X
e.
None of the above

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