$(3)$

Required information

$[$The following 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 $5,000$ shares of common stock for cash at $$20$ per share.

b$.$ Issued $1,000$ shares of common stock for cash at $$23$ per share.

Required:

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.$)$