ment CALCULATOR FULL SCREEN PRINTER VERSION HACK NI Questions Bridgeport 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 187,200 187,200 10 676,000 Capital Stock (Issued 10,400 shares of $15 par value common stock at $18 per share) Cash Capital Stock (Issued 10,400 shares of $55 par value preferred stock at $65 per share) Capital Stock 676,000 16,500 15 16,500 Cash (Purchased 1,100 shares of common stock for the treasury at $15 per share) Cash 8.000 31 5,000 3,000 Capital Stock Gain on Sale of Stock (Sold 500 shares of treasury stock at $16 per share) stakaan lantain the sento 57 PM LG Per 9 days left ce Assignment Gradebook ORION Downloadable eTextbook ment CALOULATOR FULL SCREEN PRINTER VERSION + 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 in the problem. Credit account titles are automatically indented wheni amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work