When a corporation sells some of its own common shares, all on credit, there should be a debit to the account:

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When a corporation sells some of its own common shares on credit, the correct account to debit is "Subscriptions receivable, common." This account represents the amount owed by subscribers (buyers) who have agreed to purchase the corporation's common shares but have not yet paid. It is specific to transactions involving the sale of shares on credit, distinguishing it from other types of receivables.

When a Corporation Sells Some of Its Own Common Shares