Flint 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 corporations capital stock.

May 2		Cash		109,200
		Capital Stock				109,200
		(Issued 7,800 shares of $12 par value common stock at $14 per share)
10		Cash		612,000
		Capital Stock				612,000
		(Issued 12,000 shares of $20 par value preferred stock at $51 per share)
15		Capital Stock		11,550
		Cash				11,550
		(Purchased 770 shares of common stock for the treasury at $15 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.)