Acc280 Financial Accounting: E13-11 Roemer Corporation recently hired a new accountant

Acc280 Financial Accounting
E13-11
Roemer 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.
2-May Cash 130,000
Capital stock 130,000
(Issued 10,000 shares of $10 par value common stock at $13 per share)

10-May Cash 600,000
Capital stock 600,000
(Issued 10,000 shares of $50 par value preferred stock at $60 per share)

15-May Capital stock 15,000
Cash 15,000
(Purchased 1,000 shares of common stock for the treasury at $15 per share)

31-May Cash 8,000
Capital stock 5,000
Gain on sale of stock 3,000
(Sold 500 shares of treasury stock at $16 per share)

Instructions
On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
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