Lorella entered into a common share subscription contract for 1,000 shares at a subscription price

Lorella entered into a common share subscription contract for 1,000 shares at a subscription price
of $20. She paid 20% of the total price as a down payment and also paid the next two 20%
instalments (she paid 60% in all). Lorella then defaulted on the contract and refused to pay any
more. Assuming the company must issue shares in proportion to the cash paid, the entry to record
the default would include:
A) dr. common shares $12,000
B) dr. common shares subscribed $12,000
C) dr. subscriptions receivable $8,000
D) dr. common shares subscribed $20,000