Whyville Corporation obtained its charter from the state in January that authorized 500,000 shares of common stock, $1 par value. During the first year, the company earned $49,000 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 110,000 shares of the common stock at $14 cash per share. b. Reacquired 4,100 shares at $15 cash per share to use as stock incentives for senior management. 2. Prepare journal entries to record each transaction. (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 Record the issuance of 110,000 shares of common stock with a $1 par value. for a price of $14 per share. Note: Enter debits before credits. Transaction General Jourtal Debit Credit Record entry Clear entry View general journal Whyville Corporation obtained its charter from the state in January that authorized 500,000 shares of common stock, $1 par value. During the first year, the company earned $49,000 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 110,000 shares of the common stock at $14 cash per share. b. Reacquired 4,100 shares at $15 cash per share to use as stock incentives for senior management. 2. Prepare journal entries to record each transaction. (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 < Record the purchase of 4,100 previously issued shares of common stock for a price of $15 per share. Note: Enter debits before credits. Transaction b General Journal Debit Credit Record entry Clear entry View general journal