! 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, $14 par value, 11,900 shares authorized. During the year, the following selected transactions were completed: a. Sold 6,400 shares of common stock for cash at $28 per share. b. Sold 1,800 shares of common stock for cash at $33 per share. c. At year-end, the company reported net income of $7,200. 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 12 bok ant int rences W 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 6,400 shares of common stock for cash at $28 per share. Note: Enter debits before credits. Transaction a. General Journal Debit Credit S < Prev 5 6 of 8 Next of 2 eBook Hint Journal entry worksheet > 1 2 Sold 6,400 shares of common stock for cash at $28 per share. Note: Enter debits before credits. Transaction Print References a. Mc Graw Hill General Journal Debit Credit + Record entry Clear entry Q Search > View general journal S < Prev 5 6 of 8 Next G Journal entry worksheet < 1 2 Sold 1,800 shares of common stock for cash at $33 per share. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal