Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $14 par value, 13,100 shares authorized. During the year, the following selected transactions were completed: a. Sold 7,200 shares of common stock for cash at $28 per share. b. Sold 2,500 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. Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (b).

Journal entry worksheet Sold 2,500 shares of common stock for cash at $33 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal