MENT CES Exercise 181 a-b (Part Level Submission) An inexperienced accountant for Chetola Corporation made the following entries 240,000 July 1 Cash Common Stoc iz: Chapter 13 le Choice stion 38 Hole Choice estion 13 ole Choice estion 48 le Choice estion 50 tiple Choice 02 utiple Choice (issued 15,000 shares of no por common stock, stated value $10 per share) Sept 1 Common Stock 32.000 4,000 Retained Earnings 36,000 (Purchased 2,000 shares issued on July 1 for the treasury at $18 per share) Cash 20,000 Dec ! Common Stock 16,000 Multiple choice Question Multiple choice Questions Multi Cole Orson 9 Multiple Choice Buon 102 Exercises a b (Part son) Gain on of stock 4,000 (Sold 1,000 shares of the treasury stock a 20 per share)