ABC Ltd Was Registered as a Corporation on 1 July

ABC Ltd was registered as a corporation on 1 July 2016. On 4 July 2016, ABC Ltd issued a prospectus offering 100 000 ordinary shares at an issue price of £2.50 each, payable £1.50 on application and £1.00 on allotment. Application closed on 1 August 2016 with the company having received applications for 110 000 shares. The shares were allotted on 15 August 2016, with the over-subscription amount being refunded to unsuccessful applicants. All allotment monies were received by 31 August 2016. Following the allotment the balance in the Share Capital account would be:

A) £100 000 Credit;
B) £250 000 Credit;
C) £100 000 Debit;
D) £250 000 Debit.