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Williamson Corporation's Board authorized 91,000 shares of common stock with $7 par value. During the first year, Williamson: Sold 66,000 shares of common stock for

Williamson Corporation's Board authorized 91,000 shares of common stock with $7 par value. During the first year, Williamson: Sold 66,000 shares of common stock for cash at $48 per share. Repurchased 5,000 shares at $50 per share. Prepare a journal entry

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