On $30$ March $20$X$4,$ Jason Inc subscribed to purchase $1,600$ common shares of BIT $-$ Split Corporation for $$14$ per share. Jason Inc paid the subscription amount in $2$ equal installments on $7$ May $20$X$4$ and $16$ July $204.$

Required:

Prepare the journal entry to record the stock subscription and purchase of shares. $($If no entry is required for a transaction$/$even select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

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$4$

Prepare the journal entry required on $30$ March $20$X$4$:

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[30$ March $20$X$4,,,],[,,,],[,,,]]$