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Required information [The forlowing information applies to the questions displayed below] Incentive Corporation was authorized...

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Required information [The forlowing information applies to the questions displayed below] 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: a. Issued 6,900 shares of common stock for cash at $29 per share. b. Issued 2,900 shares of common stock for cash at $32 per share. Prepare the joumal entry required for eoch of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the issuance of 6,900 shares of common stock with a par value $2 for a price of $29 per share. Noce: Enter debits before credes. Record the issuance of 2,900 shares of common stock with a par value $2 for a price of $32 per share. Note: Enter debits before credits

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