22 x nces Required information [The following information applies to the questions displayed below.] Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $18 par value, 11,900 shares authorized. During the year, the following selected transactions were completed: a. Sold 6,200 shares of common stock for cash at $36 per share. b. Sold 2,100 shares of common stock for cash at $41 per share. c. At year-end, the company reported net income of $7,500. No dividends were declared. Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (b). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 Sold 6,200 shares of common stock for cash at $36 per share. < Prev 2 3 of 15 Next w Required information Note: If no entry is required for a transaction/event, select "No journal entry required" in the first accoun View transaction list Journal entry worksheet 2:09 < 1 2 k 1 inces Sold 6,200 shares of common stock for cash at $36 per share. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry < Prev 2 View general journal 3 of 15 Next > Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account View transaction list Journal entry worksheet < 2 Sold 2,100 shares of common stock for cash at $41 per share. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal