Chapter 11 In Clas... KEY for Accounting Component Assets A L Liabilities = Stockholders' Equity - SE Burrtec Inc -(ALL ENTRIES FOR Burrtec ONLY) 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. On February 14th, 2018, Burrtec Inc purchased from its stockholders 3,000 shares of its own previously issued stock for $27,000.