Williamson Corporation's Board authorized 100,000 shares of common stock with $6 par value. During the...
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Williamson Corporation's Board authorized 100,000 shares of common stock with $6 par value. During the first year, Williamson: Sold 62,000 shares of common stock for cash at $54 per share. Repurchased 10,000 shares at $56 per share. Required: 1. Prepare the journal entry required for each of these transactions
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