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11-5.. Can someone please help me with these answers? Please only real answers, this is not an advanced question. Exercise 11-5 Your answer is partially

11-5.. Can someone please help me with these answers? Please only real answers, this is not an advanced question.

Exercise 11-5
Your answer is partially correct. Try again.
Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporations capital stock.
May2 Cash 116,350
Capital Stock 116,350
(Issued8,950shares of $12par value common stock at $13per share)
10 Cash 559,980
Capital Stock 559,980
(Issued10,370shares of $16par value preferred stock at $54per share)
15 Capital Stock 6,760
Cash 6,760
(Purchased520shares of common stock for the treasury at $13per share)
On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions.(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit
May 2May 10May 15
May 2May 10May 15
May 2May 10May 15

SHOW LIST OF ACCOUNTS

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