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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 6,100 shares of common stock for cash at $21 per share. Issued 2,100 shares of common stock for cash at $24 per share.

Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.)

Assets Liabilites Stockholders

A. A. A.

B. B. B.

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