Burrtec Inc -(ALL ENTRIES FOR Burrtec ONLY) KEY for Accounting Component Assets A Liabilities = Stockholders' Equity = SE Accounting Component Account Debit (DR) Credit (CR) On January 1st 2017 Burrtec Inc authorized 500,000 shares at $4 par value. On July 1st 2017, Burrtec issued 60,000 shares at $4 per share. On September 15th, 2017 Burrtec Inc issued 80,000 shares at $6.50 per share. Record both transactions above. | 240.000 SE Common stock. 240,000 A cash. 520,000 I SE Common Stock 320,000 SE Paid in Capital in EXCESS of. Par-cs. 200,000 520,000 $20,000 On February 14th, 2018, Burrtec Inc purchased from its stockholders 3,000 shares of its own previously issued stock for $27,000. 19,000 Treasure Stock Cash. I 9,000 Burrtec Inc -(ALL ENTRIES FOR Burrtec ONLY) KEY for Accounting Component Assets Liabilities Stockholders' Equity SE Accounting Component Account Debit (DR) On May 21st, 2018, Burrtec Inc resold 1,000 shares for $11 per share (of the 3,000 from #2 above) Credit (CR) Paid in Treason Capital from treasung Stock stock. On July 15th, 2018 Burrtec inc resold 2,000 shares for $7 per share of the 3,000 from #2 above)