The journal entry for a compay that issues 10,000 ordinary shares (nominal value of 1 $ each) for cash consideration of $2.50 each.

Issue costs are1000 $?

(a) Dr. Cash25,000 $

Cr. Equity share capital25,000 $

(b) Dr. Cash24,000 $   

Cr. Equity share capital10,000 $

Cr. Share premium14,000 $

(c) Dr. Cash25,000 $

Cr. Equity share capital10.000 $

Cr. Share premium15,000 $.