Exercise 181 a-b (Part Level Submission) An inexperienced accountant for Chetola Corporation made the following entries. July 1 Cash 240,000 Common Stock Issued 15,000 shares of no-par common stock, stated value $10 per share) Common Stock Retained Earnings 240,000 Sept. 1 32,000 4,000 Cash 36,000 Purchased 2,000 shares issued on July 1 for the treasury at $18 per share) Dec. 1 Cash 20,000 Common Stock 16,000 Gain on of Stock 4,000 Sold 1,000 shares of the treasury stock at $20 per share) On the basis of the explanation for each entry, prepare the entry that should have been made for the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) in the prob Debit Credit Date Account Titles and Explanation Attempts: 0 of 1 used SAVE FOR LATER SUBHII