Bob’s Deli has authorized capital consisting of 25,000 shares of cumulative preferred 9 percent stock, $100 par value, and 25,000 shares of com¬

mon stock, $30 par value. Record transactions a-c in general journal form:

a. Received subscriptions to 12,000 shares of preferred 9 percent stock at $102 per share, with a downpayment of 50 percent of the subscription price.

b. Received 30 percent of the subscription price from all subscribers.

c. Received 20 percent of the subscription price from all subscribers and issued the stock certificates.