What the journal entry that would be recorded is

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Problem 1: Moonshine Company issued 30 000 share options to subscribe for ordinary shares. The exercise price on the options was $3 per share. If all options were exercised on the due date, the journal entry that would be recorded is:

Select one:

Option 1: Cash Dr 90 000

Share capital - ordinary Cr 90 000

Option 2: Share capital - ordinary Dr 90 000

Cash Cr 90 000

Option 3: Share options - ordinary Dr 90 000

Share capital - ordinary Cr 90 000

Option 4: Share options reserve Dr 90 000

Cash Cr 90 000

Reference no: EM132865002

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