Exercise 115 Bridgeport Corp. recently hired a new accountant with extensive experience in accounting for partnerships, because of the pressure of the new job, the account 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 sock 123,000 123,000 May 2 Cash Capital Stock (Issued 8,200 shares of $11 par value common stock at $15 per share) 10 Cash Capital Stock (Issued 14,000 shares of $20 par value preferred stock at $54 per share) 15 Capital Stock 756,000 756,000 10,080 10,680 (Purchased 890 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 capital stock transactions. (Record 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 entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation 236 PM ENG On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Recor presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Question Attempts: Unlimit