Lawrence, Inc., entered into a subscription contract with several subscribers that calls for the purchase of $2,000$ shares of $$5$ par common stock for $$15$ a share. The contract calls for a $20\%$ down payment and specifies that any amounts not paid within the contract period will be forfeited in full.

Refer to Exhibit $15-2.$ Lawrence received final payment $(80\%)$ on $1,800$ shares and issued those shares. Subscribers defaulted on $200$ shares. The entry to record the default on $200$ shares would include a

A$)$ debit to Additional Paid$-$in Capital on Common Stock for $$2,000$

B$)$ debit to Common Stock Subscribed for $$3,000$

C$)$ credit to Subscriptions Receivable: Common Stock for $$3,000$

D$)$ credit to Additional Paid$-$in Capital from Subscribed Stock for $$600$