Mine Corp. is authorized to issue 400,000 no par value common shares. Subscribers agree to purchase shares at $12 per share with a 30% down payment and the remaining 70% at the end of six months. The journal entry to record the issuance of the shares upon receipt of the final instalment includes a Question 3 options: credit to Common Shares for $1,440,000. credit to Common Shares for $3,360,000. debit to Common Shares Subscribed for $4,800,000. debit to Subscriptions Receivable for $4,800,000