Sunshine Company Issued 20 000 Share Options to Subscribe for Ordinary

Sunshine Company issued 20 000 share options to subscribe for ordinary shares. The exercise price on the options was $2 per share. If all options were exercised on the due date, the journal entry that would be recorded is:

A) $\begin{array}{lr}\text {Share capital — ordinary }&\text {Dr }&60,000\\\text {Cash }&\text {Cr }&&60,000\\\end{array}$

B) $$\begin{array} { l l l l } \text { Bhare options - ordinary } & \mathrm { Dr } & 60000 & \\\text { Share capital - ordinary } & \mathrm { Cr } & & 60000\end{array}$$
C) $\begin{array}{lr}\text {Share options reserve }&\text {Dr }&60,000\\\text {Cash }&\text {Cr }&&60,000\\\end{array}$

D) $\begin{array}{lr}\text {Cash }&\text {Dr }&60,000\\\text {Share capital — ordinary }&\text {Cr }&&60,000\\\end{array}$