Concord 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 corporation's capital stock 123,000 123,000 741,000 May 2 Cash Capital Stock (issued 8,200 shares of $11 par value common stock at $15 per share) 10 Cash Capital Stock (Issued 13,000 shares of $17 par value preferred stock at $57 per share) 15 Capital Stock Cash (Purchased 750 shares of common stock for the treasury at $15 per share) 741,000 11,400 11,400 On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Hecord journal entries in the order presented in the problem Credit account titles are automatically indented when amount is entered. Do not indent manually. If no antry is required, weet "No Entry for the account titles and enter for the amounts) On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. Record journal entries in the order presented in the problem Credit account titles are automatically indented when amount antened. Do not inden manly. If no antry required, select "No Entry for the account s and enter for the amounts) Date Account Tries and Explanation May 2 May is a