o Gilliam Corporation recently hired a new accountant with extensive experience in accounting for Because of the pressure of the new job, the was una to review his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the May 2 Cash 130,000 Capital Stock 130,000 common stock at $13 per share) 600,000 10 Cash 600,000 Capital Stock (Issued 10,000 shares of $50 par value preferred stock at $60 per share)