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Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2...

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Accounting

Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: Issued 6,600 shares of common stock for cash at $26 per share. Issued 2,600 shares of common stock for cash at $29 per share. E11-2 (Algo) Part 2 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.)

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