Kim, Inc. issued 10,000 ordinary shares with a stated value of ¥100/share. The total issue of shares sold for ¥150 per share. The journal entry to record this transaction would include a
A) debit to Cash for ¥1,000,000.
B) credit to Share Capital-Ordinary for ¥1,000,000.
C) debit to Share Premium-Ordinary for ¥500,000.
D) credit to Share Capital-Ordinary for ¥1,500,000.
Correct Answer:
Verified
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