Absolute Company Decides to Transfer $300 000 of Its Retained

Absolute Company decides to transfer $300 000 of its retained earnings to a general reserve.What is the journal entry for this appropriation?

A) $$\begin{array} { | c | r | r | } \hline \text { Retained earnings } & 300000 & \\\hline \text { Ordinary share capital } & & 300000 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Retained earnings } & 300000 & \\\hline \text { General reserve } & & 300000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { General reserve } & 300000 & \\\hline \text { Ordinary share capital } & & 300000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { General reserve } & 300000 & \\\hline \text { Retained earnings } & & 300000 \\\hline\end{array}$$