On January 1, Sanford Corporation Had 120,000 Ordinary Shares with a $10

On January 1, Sanford Corporation had 120,000 ordinary shares with a $10 par value outstanding. On June 17, the company declared a 15% share dividend to shareholders of record on June 20. Market value of the shares was $15 on June 17. The shares were distributed on June 30. The entry to record the transaction of June 30 would include a

A) credit to Share Capital-Ordinary for $180,000.
B) debit to Ordinary Share Dividends Distributable for $270,000.
C) credit to Share Premium-Ordinary for $90,000.
D) debit to Cash Dividends for $90,000.