6 (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, $14 par value, 12,700 shares authorized. During the year, the following selected transactions were completed: Part 1 of 2 10 points a. Sold 6,000 shares of common stock for cash at $28 per share. b. Sold 2,200 shares of common stock for cash at $33 per share. c. At year-end, the accounts reflected income of $7,300. No dividends were declared. eBook Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) CO Hint View transaction list Print Journal entry worksheet .... References Sold 6,000 shares of common stock for cash at $28 per share. Note: Enter debits before credits. Transaction Debit Credit a General Journal Cash Common stock Additional paid-in capital, common stock Mc Graw Hill Education 6 (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, $14 par value, 12,700 shares authorized. During the year, the following selected transactions were completed: Part 1 of 2 a. Sold 6,000 shares of common stock for cash at $28 per share. b. Sold 2,200 shares of common stock for cash at $33 per share. c. At year-end, the accounts reflected income of $7,300. No dividends were declared. 10 points eBook Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Hint View transaction list Print Journal entry worksheet Roller 7 Required information [The following information applies to the questions displayed below. Part 2 of 2 Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $14 par value, 12,700 shares authorized. During the year, the following selected transactions were completed: 10 points Skipped a. Sold 6,000 shares of common stock for cash at $28 per share. b. Sold 2,200 shares of common stock for cash at $33 per share. C. At year-end, the accounts reflected income of $7,300. No dividends were declared. eBook 2. Prepare the stockholders' equity section as be indicated by a minus sign.) should be reported on the year-end balance sheet. (Amounts to be deducted should Hint TARRANT CORPORATION Balance Sheet (Partial) At December 31, This year Print Stockholders' equity Contributed capital: References Total contributed capital Total stockholders' equity Mc Graw Hill Education