Blue Spruce 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 earlier about corporation accounting. During the first month. he made the following entries for the corporation's capital stock. May 2 Cash 99,400 Capital Stock 99,400 (Issued 7,100 shares of $10 par value common stock at $14 per share) 10 Cash 594,000 Capital Stock 594,000 (Issued 11,000 shares of $20 par value preferred stock at $54 per share) 15 Capital Stock 8,320 Cash 8.320 (Purchased 640 shares of common stock for the treasury at $13 per share) On the basis of the expianation for eachentry, prepare the entries that should have been made for the capital stock transactions. (Record journal entries in the order presented in the problem. Credit occount titles are outomatically indented when amount is entered, Do not indent manually, tist alf debit entries before credit entries. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts.) (Record journal entries in the order presented in the problem. Credit account 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 Ofor the