Date				Account Titles and Explanation			Debit		Credit
May		12		Cash			224,000
					Common Shares				224,000
				(Issued 14,000 common shares at $16 per share.)
		14		Cash			357,200
					Common Shares				357,200
				(Issued 7,600 preferred shares at $47 per share.)
		15		Common Shares			15,080
					Cash				15,080
				(Purchased and retired 1,160 common shares at $13 per share.)
		31		Cash			13,860
					Common Shares				8,580
					Gain on Sale of Shares				5,280
				(Issued 660 shares at $21 per share.)

Assume that no other common share transactions had been recorded earlier. Based on the explanation for each entry, prepare the entries that should have been made for the common share transactions. If an entry is correct, repeat the entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
May 12
May 14
May 15
May 31