Exercise 11-OR Ayayal 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 earlie about corporation accounting. During the first month, he made the following entries for the corporation's capital stock May 2 Cash 91,000 Capital Stock 91,000 (sued 7,000 shares of $10 par value common stock at $13 per share) 10 Cash 510,000 Capital Stock 510,000 (Issued 10,000 shares of $15 par value preferred stock at $51 per share) 15 Capital Stock 5.000 5,000 (Purchased 500 shares of common stock for the treasury S10 per share) On the basis of the explanation for each entry, we are 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 D orindent manually. If netry is required select "No Entry for the countries and enter for the amounts) Date Account Totes and plant Help System Announcements ice Assignment Gradebook ORION Downloadable eTextbook ment 5,000 Seu 10,000 Ses Ulis par valere Te SLK O perare 15 Capital Stock Cash (Purchased 500 shares of common stock for the treasury at $10 per share) 5,000 On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stoc account titles are automatically indented when amount is entered. Do not indent manually. If no entry Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Mentions non anon rhon restora to search Exercise 11-08 Ayayal Corp. recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressu about corporation accounting. During the first month, he made the following entries for the corporation's capital stock. 91,000 91,000 510,000 May 2 Cash Capital Stock (Issued 7,000 shares of $10 par value common stock at $13 per share) 10 Cash Capital Stock (Issued 10,000 shares of $15 par value preferred stock at $51 per share) 15 Capital Stock Cash (Purchased 500 shares of common stock for the treasury at $10 per share) 510,000 5,000 5,000 On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactio account titles are automatically indented when amount is entered. Do not indent manually. Il no entry is required Date Account Titles and Explanation Debit Credit e to search