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What the journal entry for the transaction would

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Question 1: Badar Corporation issued 10,000 shares of common stock on January 1, 2013. The stock has par value of Rs.0.01 per share and was sold at Rs.25 per share. The journal entry for this transaction would:

Option 1: credit Cash Rs.250,000 and debit Paid-in capital Rs.250,000.

Option 2: debit Cash Rs.250,000, credit Common stock Rs.100, and credit Paid-in capital Rs.249,900.

Option 3: credit Cash Rs.250,000, debit Common stock Rs.100, and debit Paid-in capital Rs.249,900.

Option 4: debit Cash Rs.250,000, credit Paid-in capital Rs.100, and credit Common stock Rs.249,900.

Reference no: EM132569751

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