9 Eighty, lnc., entered into a stock subscription contract that called for the purchase by investors of 10,000 shares of $10 par common stock at a price of 51-1-3 per share. The contract required a down payment of $20 per share, with the remaining 523 per share collectible at the end of three months. Required: a. Prepare the journal entry to record the stock subscription and down payment. b. The subscribers paid the remainder at the end of three months. Prepare the journal entrylies] to record the final payment and the issuance of the shares of stock. |:l