An extract taken from a company’s statement of financial position gave the details below. issued share capital: $2$ million ordinary shares of $0.50$ each: $1000$ share premium balance: $600$ retained earnings balance: $2400$ The directors have decided to make a bonus issue of $3$ ordinary shares for $4$ shares held. They want the reserves to remain in their most flexible form. Which debit entry ought to be recorded in the retained earnings account?
- A$150000$
- B$750000$
- C$900000$
- D$1500000$