On January 1, Sanford Corporation Had 80,000 Ordinary Shares with a $10

On January 1, Sanford Corporation had 80,000 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 Share for $120,000.
B) debit to Ordinary Share Dividends Distributable for $180,000.
C) credit to Share Premium-Ordinary for $60,000.
D) debit to Cash Dividends for $60,000.