Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock $4 par value, 81,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 69,000 shares of common stock for cash at $42 per share. b. Repurchased 6,000 shares from a stockholder for cash at $44 per share. Required: 1. Prepare the journal entry required for each of these transactions. (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 2 1 Sold 69,000 shares of common stock for cash at $42 per share. Notel Enter debits before credits Transaction General Journal Dobit Credit 0 Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $4 par value, 81,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 69,000 shares of common stock for cash at $42 per share. b. Repurchased 6,000 shares from a stockholder for cash at $44 per share. Required: 1. Prepare the journal entry required for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction line Journal entry worksheet 1 2 Repurchased 6,000 shares from a stockholder for cash at $44 per share. Note: Enter debits before credits Transaction General Journal Debit Credit b