What is the entry to record subscriptions received for 1,700 shares of $100 par value common stock at $130 per share? Debit Common Stock Subscribed $221,000; credit Cash $221,000 Debit Subscriptions Receivable-Common Stock $221,000 credit Common Stock Subscribed $170,000 credit Paid-in Capital in Excess of Par Value--Common $51,000. Debit Subscriptions Receivable-Common Stock $221,000; credit Common Stock Subscribed $221,000 None of these answers is correct