2 Casey, Inc., was formed in January 19x3 when John Casey invested $1,000 for 100 shares of $2 par value common stock. Shortly thereafter, the company received subscription agreements for 10,000 shares that totaled $150,000. Investors are required to pay 40% of amounts due at the time of subscription with remaining balances due within one year. Casey is authorized to issue 100,000 Shares of stock and issues shares to subscribers when full payment is received. Instruction: Prepare Journal entries to record: (a) The issuance of stock to John Casey (b) The subscription agreements from investor (c) The initial receipts from subscribers