Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $6 par value, 84,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 60,000 shares of common stock for cash at $46 per share. b. Repurchased 2,000 shares from a stockholder for cash at $48 per share. Required: 1. Prepare the journal entry required for each of these transactions. (If no entry is required for a transaction/event, select "N journal entry required" in the first account field.) View transaction list Journal entry worksheet Sold 60,000 shares of common stock for cash at $46 per share. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 1 2 Repurchased 2,000 shares from a stockholder for cash at $48 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b