has no par 2. Stock subscriptions: Journal entries Investors recently subscribed to 5,000 shares of B&J Travel's $1 par-value common stock at $10 per share. During the year, the company received 80% of the balances due, which resulted in the issuance of 4,000 shares of stock. a. Prepare journal entries to record 1) the subscriptions to investors. 2) the receipt of cash from subscribers. 3) the issuance of shares