GittiGidiyor AliExpress Facebook ework Saved Required information The following information applies to the questions displayed below.) Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock. $5 par value, 89,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 69,000 shares of common stock for cash at $56 per share. b. Repurchased 4,000 shares from a stockholder for cash at $58 per share. Required: 1. Prepare the journal entry required for each of these transactions. (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 69,000 shares of common stock for cash at $56 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Prev 1 2 of 15 a. Sold 69,000 shares of common stock for cash at $56 per b. Repurchased 4,000 shares from a stockholder for cash at 2. Prepare the stockholders' equity section of the balance sheet a with a minus sign.) Stockholders Balance Sheet (Partial) At End of This Year Stockholders' equity Contributed Capital: Common stock Additional paid-in capital 0 Total contributed capital Retained earnings Treasury stock Total stockholders' equity I $ (104,000) Pre