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5 CALCULATOR PRINTER VERSION Grouper 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 his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the corporation's capital stock. May 2 Cash 141,700 141,700 Capital Stock (Issued 10,900 shares of $10 par value common stock at $13 per share) Cash 10 654,000 Capital Stock 654,000 (Issued 10,900 shares of $50 par value preferred stock at $60 per share) Capital Stock n) 15 18,375 Cash 18,375 (Purchased 1,225 shares of common stock for the treasury at $15 per share) sidy 31 Cash 9,600 Capital Stock 6,000 Gain on Sale of Stock 3,600 (Sold 600 shares of treasury stock at $16 per share) On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) . . Debit Credit Date Account Titles and Explanation 141700 May 2 Cash CALCULATOR On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions. (Record journal entries in the order presene account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 2v Cash 141700 Paid-in Capital in Excess of Par-Common Stock Common Stock May 10 Cash 654000 Paid-in Capital in Excess of Par-Preferred Stock Preferred Stock May 15 Treasury Stock 18375 Cash 18375 May 31 cash 9600 Paid-in Capital from Treasury Stock Paid in Capital from Treasury Stock Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNT