4. ! t 1 of 2 - ts Skipped eBook Hint Print ferences Required information E11-7 (Algo) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 Williamson Corporation's Board authorized 85,000 shares of common stock with $6 par value. During the first year, Williamson: a. Sold 59,000 shares of common stock for cash at $45 per share. b. Repurchased 4,000 shares at $47 per share. E11-7 Part 1 Required: 1. Prepare the journal entry required for each of these transactions. 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 59,000 shares of common stock for cash at $45 per share. Note: Enter debits before credits. Transaction a. General Journal Debit Credit View general journal Record entry Clear entry