Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $2 par value, 92,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 59,000 shares of common stock for cash at $52 per share. b. Repurchased 8,000 shares at $54 per share. Required: 1. Prepare the journal entry required for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 Sold 59,000 shares of common stock for cash at $52 per share. Notel Enter debits before credat: Journal entry worksheet Note: Enter debits before credits