Concept:Application and allotment money received is credited to the Application and Allotment Account.Explanation:The total amount received for application and allotment is ₦375,000.The journal entry is:Debit Bank Account ₦375,000Credit Application and Allotment Account ₦375,000So the Application and Allotment Account is credited with ₦375,000.Answer:D. credited with application and allotment ₦375,000