Shamrock Inc. 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, he made the following entries for the corporations capital stock.

Date	Account Titles and Explanation	Debit	Credit
May 2	Cash	208,000
	Capital Stock		208,000
	(Issued 13,000 shares of $5 par value common stock at $16 per share)
May 10	Cash	880,000
	Capital Stock		880,000
	(Issued 11,000 shares of $40 par value preferred stock at $80 per share)
May 15	Capital Stock	16,800
	Cash		16,800
	(Purchased 1,200 shares of common stock for the treasury at $14 per share)
May 31	Cash	13,320
	Capital Stock		7,400
	Gain on Sale of Stock		5,920
	(Sold 740 shares of treasury stock at $18 per share)

On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. 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
May 2May 10May 15May 31
May 2May 10May 15May 31
May 2May 10May 15May 31
May 2May 10May 15May 31