hello!!

this is a part 1 and part 2 question (iposted part 2 before the part 1 by accidnet sorry)

thanks!!

Required information E11-7 (Algo) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 [The following information applies to the questions displayed below.] Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $9 par value, 96,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 65,000 shares of common stock for cash at $48 per share. b. Repurchased 3,000 shares at $50 per share. 2. Prepare the stockholders' equity section of the balance sheet at the end of the year. Assume retained earnings at the end of the year was $250,000. Note: Amounts to be deducted should be indicated with a minus sign. 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 65,000 shares of common stock for cash at $48 per share. Notel Enter debits before credts. 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