he made the following entries for the corporation's capital stock.

May $2$

Cash

Capital Stock

$($Issued $7,500$ shares of $$10$ par value common stock at $$14$ per share$)$

$10$

Cash

Capital Stock

$($Issued $12,000$ shares of $$20$ par value preferred stock at $$55$ per share$)$

$15$ Capital Stock

Cash

Cash

$($Purchased $690$ shares of common stock for the treasury at $$13$ per share$)$

$105,000$

$105,000$

$660,000$

$8,970$

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. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

Date

Account Titles and Explanation

Debit

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. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit