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Lanthier's Heating & Air This company began business on June 1, 2019. The articles of incorporation authorize issuance of 10,000 shares of $2 par common
Lanthier's Heating & Air This company began business on June 1, 2019. The articles of incorporation authorize issuance of 10,000 shares of $2 par common stock and 5,000 shares of $8 par 6% cumulative preferred stock. Refer to Lanthier's Heating & Air. On June 5, 2019, the company issued 2,400 shares of common stock for $20 per share. What effect does the entry to record the stock issuance have on total stockholders' equity? Oa. increase of $4,800 Ob. increase of $48,000 Oc. decrease of $48,000 Od. decrease of $4,800
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