Indigo 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, (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 Credit May 2 Cash 112500 Common Stock Paid-in Capital in Excess of Par-Common Stock Cash 765000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock May 15 Treasury Stock 11060 Cash