Use the Following Information to Answer Questions

Multiple Choice

Use the following information to answer questions
Prague Corp.is authorized to issue 400,000 no par value common shares.Subscribers agree to purchase shares at $15 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) debit to Common Shares Subscribed for $750,000.
B) credit to Common Shares for $525,000.
C) credit to Common Shares for $225,000.
D) debit to Subscriptions Receivable for $525,000.