Heart Corporation entered into a subscription contract with several subscribers on December $31.$ The contract requires the subscribers to purchase $2,000$ shares of $$4$ par common stock at a price of $$20$ per share. The contract requires a down payment of $$5$ per share, with the remaining $$15$ per share collectible at the end of one month. The stock will be issued to each subscriber upon full payment.

Required:

Prepare the journal entry to record this transaction.