$5\mathrm{.}25$ Company $H$ engaged in the following stock transactions during $19$A:

$($a$)$ Purchased $200$ shares General Motors stock at $$125$ per share.

$($b$)$ Received $1$ right per share to purchase $100$ new shares at $$115$ per share. At this time, the values per share and per right are $$120$ and $$4,$ respectively.

Prepare the entries for the stock purchase and the receipt of the rights and determine the right.

$5\mathrm{.}26$ Use the same information as in the previous example and assume that $50$ of the rights are exerise purchase new shares. Prepare the entry for this purchase.