Could someone help me with the journal entry and the adjusting entry if there is a mistake.

to attract mare share ownership bv emplcwees, so on September I, 20XI, the company entered into a subscr ption agreement allowing emplcwees to buv common shares at 58 each payable in four equal instalments of 52 per share. Each instalment was due at the end of September, October, November and December. For the first and second instalments, the company received but for the third and fourth instalments, the company received and respectively. The company can keep any partially paid instalments Although the company's lawyer issued the proper number of shares at the closing of the agreement on December 31, 20XI, the accountant recorded: Payable to share subscribers