Minosh 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.

The journal entry to record the issuance of the shares upon receipt of the final instalment includes a

	a.	credit to Common Shares for $ 670,000.
	b.	credit to Common Shares for $ 270,000.
	c.	debit to Subscriptions Receivable for $ 670,000.
	d.	debit to Common Shares Subscribed for $ 900,000