Lanthier's Heating & Air

Short Answer

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?
a.increase of $4,800
b.decrease of $4,800
c.increase of $48,000
d.decrease of $48,000