Final answer:
The assertion that the entry to record the sale of shares includes a debit to Share Capital is false. The correct entry typically debits Cash or Bank for the amount received and credits Share Capital only for the par value of the shares sold.
Step-by-step explanation:
The statement that an entry to record the sale of 100 shares for $2,500 would include a debit to Share Capital of $2,500 is false. When a company sells its shares, the entry typically involves a debit to Cash or Bank for the amount received from the sale and a credit to Share Capital for the par value of the shares. Any amount received over the par value is credited to an account called Premium on Share Capital or Additional Paid-in Capital. Without details on the par value of the shares sold it is not possible to define the exact journal entry, but it would not involve a debit to Share Capital.