Marigold Inc. sells 1,390 common shares on a subscription basis at $65 per share on June 1 and accepts a 45% down payment. On December 1, Bonata collects the remaining 55% and issues the shares. Prepare the company's journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit June 1 (To record sale of shares on subscription basis.) June 1 (To record down payment received.) Dec. 1 (To record balance amount received.) Dec. 1 (To record the issue of shares.)