! 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, $16 par value, 12,700 shares authorized. During the year, the following selected transactions were completed: a. Sold 6,900 shares of common stock for cash at $32 per share. b. Sold 1,500 shares of common stock for cash at $37 per share. c. At year-end, the accounts reflected income of $6,800. No dividends were declared. 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.) View transaction list Journal entry worksheet 1 2 > Sold 6,900 shares of common stock for cash at $32 per share. Note: Enter debits before credits. Journal entry worksheet 1 2 > Sold 1,500 shares of common stock for cash at $37 per share. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general Journal