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, $9 par value, 91,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 63,000 shares of common stock for cash at $42 per share. b. Repurchased 7,000 shares from a stockholder for cash at $44 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 < 2 Sold 63,000 shares of common stock for cash at $42 per share. > Note! Enter debits before credits. Transaction a. General Journal Debit Credit View general journal Record entry Clear entry