Gilliam 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 corporations capital stock.

May 2		Cash		201,600
		Capital Stock				201,600
		(Issued 14,400 shares of $11 par value common stock at $14 per share)
10		Cash		892,800
		Capital Stock				892,800
		(Issued 14,400 shares of $52 par value preferred stock at $62 per share)
15		Capital Stock		47,600
		Cash				47,600
		(Purchased 2,800 shares of common stock for the treasury at $17 per share)
31		Cash		9,216
		Capital Stock				5,120
		Gain on Sale of Stock				4,096
		(Sold 512 shares of treasury stock at $18 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. 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