| A company made an issue for cash of 1,000,000 50c shares at a premium of 30c per share.
 Which of the following journal entries correctly records the issue?
 
 Debit                  Credit
 $                         $
 
 A     Share capital                                                500,000
 Share premium                                             300,000
 Bank                                                                   800,000
 B     Bank                                                             800,000
 Share capital                                                      500,000
 Share premium                                                   300,000
 C     Bank                                                          1,300,000
 Share capital                                                   1,000,000
 Share premium                                                   300,000
 D     Share capital                                             1,000,000
 Share premium                                            300,000
 Bank                                                               1,300,000
 
 B
 |