Question 5 of 5

please do a journal entry for the following in the pic. Thanks!

Current Attempt in Progress Bramble Corp. 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 understanding of corporation accounting. During the first month, the accountant made the following entries for the corporation's capital stock. May 2 Cash 145,600 Capital Stock 145,600 (Issued 11,200 shares of $10 par value common stock at $13 per share) 10 Cash 672,000 Capital Stock 672,000 (Issued 11,200 shares of $50 par value preferred stock at $60 per share) 15 Capital Stock Cash (Purchased 1,275 shares of common stock for the treasury at $15 per share) 31 Cash Capital Stock Gain on Sale of Stock 19,125 19,125 7,200 (Sold 450 shares of treasury stock at $16 per share)