Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, par value $17 per share, 12,800 shares authorized. During the year, the following selected transactions were completed: a. Sold and issued 7,200 shares of common stock for cash at $34 per share. b. Sold and issued 2,100 shares of common stock for cash at $39 per share. c. At year-end, the accounts reflected income of $6,800. No dividends were declared. equired: Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry is required for a ansaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Sold 7,200 shares of common stock for cash at $34 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a