Peterson Company Is Issuing 4 000 Ordinary Shares,payable by Instalments

Peterson Company is issuing 4 000 ordinary shares,payable by instalments.Investors must pay $10 per share on application,$5 per share on allotment and there will be a final call of $2 payable at a later date to be determined by directors.The journal entry to record the application will be:

A) debit Cash,credit Allotment.
B) debit Trust bank account,credit Application.
C) debit Cash,credit Ordinary share capital.
D) debit Application,credit Trust bank account.