6) A corporation accepted subscriptions to 25,000 shares of no par value common at $5.50 per share. The subscription contracts called for 20% down payments with the balance in 30 days. The explanations for several entries involving these shares follow. Complete the entries. DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT Sept. 5 Accepted subscriptions to 25,000 shares of common at $5.50 per share. 5 Received $27,500 from the common share subscribers as down payments on their shares. Oct. 5 Received payment in full of the balance due on the September 5 common share subscriptions. 5 Issued the common shares of the fully paid subscribers