Stellar 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 corporation's capital stock. Date Account Titles and Explanation Debit Credit May 2 Cash 195,000 Capital Stock 195,000 (Issued 13,000 shares of $5 par value common stock at $15 per sharel May 10 Cash 660,000 Capital Stock 660,000 (issued 11,000 shares of $30 par value preferred stock at $60 per share) May 15 Capital Stock Cash (Purchased 1.200 shares of common stock for the treasury at $15 per share May 31 Cash 11,730 Capital Stock 6.900 Gain on Sale of Stock 4,830 Sold 690 shares of treasury stock at $17 per share) 18,000 18.000 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 for the amounts) Account Titles and Explanation Debit Credit 195000 Date Debit 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 for the amounts) Date Account Titles and Explanation May2 Common Stock Paid in Capital in Exces of Par Common Stock Credit Cash 195000 May 10 Carth Preferred Stod Paid in Capital from Treasury Stock May 15 Treasury Stock Cash May 31 v Cash Treasury Stock Saidin Capital from Trey Stock