Flounder 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 his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the corporations capital stock.

May 2		Cash		194,400
		Capital Stock				194,400
		(Issued 10,800 shares of $15 par value common stock at $18 per share)
10		Cash		702,000
		Capital Stock				702,000
		(Issued 10,800 shares of $55 par value preferred stock at $65 per share)
15		Capital Stock		18,000
		Cash				18,000
		(Purchased 1,200 shares of common stock for the treasury at $15 per share)
31		Cash		6,400
		Capital Stock				4,000
		Gain on Sale of Stock				2,400
		(Sold 400 shares of treasury stock at $16 per share)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date May 2May 10May 15May 31	enter an account title	enter a debit amount	enter a credit amount
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choose a transaction date May 2May 10May 15May 31	enter an account title	enter a debit amount	enter a credit amount
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choose a transaction date May 2May 10May 15May 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date May 2May 10May 15May 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount