Bridgeport Inc. recently hired a new accountant with extensive experience in accounting for partnerships. Because of the

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Bridgeport Inc. 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
common shares:
Assume that no other common share transactions had been recorded
earlier. Based on the explanation for each entry, prepare the
entries that should have been made for the common share
transactions. If an entry is correct, repeat the
entry. (Credit account titles are automatically
indented when the amount is entered. Do not indent
manually.)
Date
Account Titles and Explanation
Debit
Credit
May 12
May 14
May 15
May 31