Exercise 11-5 Pina Colada 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 107,800 Capital Stock 107,800 (Issued 7,700 shares of $11 par value common stock at $14 per share) 10 Cash 798,000 Capital Stock 798,000 (Issued 14,000 shares of $19 par value preferred stock at $57 per share) 15 Capital Stock Cash 8,100 8,100 (Purchased 810 shares of common stock for the treasury at $10 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 0 for the amounts.)