The share transactions of the Justin Fodor Corporation are as follows:

Jan. $1$: Subscription to $4,000$ shares of no$-$par value is received, together with cheques from various subscribers to cover a $40\mathrm{.}0\%$ down payment. The shares were subscribed at a price of $$60\mathrm{.}00$ per share. The remainder of the subscription price is to be paid in two monthly installments.

Feb $1$: The first installments are collected from all the subscribers.

March $1$: The second installments are received from all the subscribers except from Lucien Bouchard, who had subscribed for $1,000$ shares. In reply to correspondence, Mr$.$ Bouchard states that he is unable to complete his installment payments and authorizes the company to dispose of the shares subscribed for by him. The shares subscribed for by Mr$.$ Bouchard are sold for $$50\mathrm{.}00($record this transaction as well$).$ Deficiencies between the subscription price and the amounts received are charged against the amount due to the subscriber and the subscriber is then given a refund

The remaining $3,000$ shares subscribed for are also issued.

Required: Prepare the journal entries to record the above transactions.