The entry to record the issuance of ordinary share at a price above its par value includes:

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When shares are issued at a price higher than their par value, the excess amount received is referred to as share premium. Therefore, the entry should involve a credit to cash (for the amount received), a debit to ordinary share (for the par value of the shares issued) and a credit to share premium: ordinary share (for the excess amount received above the par value). Option A is only a part of the entry, option B is not relevant in this scenario, and option D suggests the use of only one account which is not correct.

The Entry to Record the Issuance of Ordinary Share at a Price