Monarch Company Reported Subscriptions Receivable-Common Stock of $1,500 and Common

Monarch Company reported Subscriptions Receivable-Common Stock of $1,500 and Common Stock Subscribed of $3,200 on its balance sheet.All the following are true except:

A) the amount previously collected on the stock subscriptions is $1,700.
B) the original stock subscribed totaled $3,200.
C) Monarch previously issued $1,700 of the subscribed stock.
D) the remaining amount to be collected from subscribers before the shares will be issued is $1,500.

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