Ayayai Corp. 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 eariser about corporation accounting During the firat month, he made the following entries for the corporation's capital stock. On the basis of the eaplanation for eachentry prepare the entries that should hwe been made for the capital stock tranistions. CReoond fournal entries in the order presented in the problem Credit occount bitier are outomathally lindented when amount is entered. Do not indent manually Lit af debit entries before credit entric: If no entry ly requindid select "No Entry" for the account bither and enter of or the ameints) (Purchased 500 shares of common stock for the treasury at $12 per share) On the basis of the explanation for each entry, prepare the entries that should have been made for the capitai stock transactions. (Record journal entries in the order presented in the problem. Credit occount titles are automatically indented when amount is entered, Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts