Question: With the information provided below, please help me fill the charts. Required information [The following information applies to the questions displayed below. ] Tarrant Corporation

With the information provided below, please help me fill the charts.

With the information provided below, please helpWith the information provided below, please helpWith the information provided below, please help
Required information [The following information applies to the questions displayed below. ] Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $20 par value, 13,200 shares authorized. During the year, the following selected transactions were completed: a. Sold 6,700 shares of common stock for cash at $40 per share. b. Sold 1,900 shares of common stock for cash at $45 per share. c. At year-end, the company reported net income of $7,400. No dividends were declared. Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and ([9). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Sold 6,700 shares of common stock for cash at $40 per share. Note: Enter debits before credits. Journal entry worksheet Sold 1,900 shares of common stock for cash at $45 per share. Note: Enter debits before credits. Record entry Clear entry View general journal

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