CALCULATOR HESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSTON BACK NEXT Exercise 11-5 Whispering Winds 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 what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation's capital stock May 2 Cash 113,400 Capital Stock 113,400 (Issued 8,100 shares of $10 par value common stock at $14 per share) 10 Cash 648,000 Capital Stock 648,000 (Issued 12,000 shares of $16 par value preferred stock at $54 per share) 15 Capital Stock Cash 8,960 B,960 (Purchased 640 shares of common stock for the treasury at $14 per share) On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Record journal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered. Do not indent manualty. No Entry" for the account titles and enter O for the amounts. o entiy is required, select Date Account Titles and Explanation DebitCredit Common Stock Paid-in Copital in Excess of Par valae Commion Stock 5 7 8 9 0 3