Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $6 par value, 96,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 53,000 shares of common stock for cash at $53 per share. b. Repurchased 7,000 shares at $55 per share. Sold 53,000 shares of common stock for cash at $53 per share. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Repurchased 7,000 shares at $55 per share. Note: Enter debits before credits. Transaction b. General Journal Debit Credit