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4 Part 1 of ! Required information (The following information applies to the questions displayed below] Incentive Corporation was authorized to issue 12,000 shares
4 Part 1 of ! 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: 001934 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. 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.) Prim View transaction list Journal entry worksheet Record the issuance of 5,000 shares of common stock with a par value $2 for a price of $20 per share. Note: Enter debits before ovdits Transacton General Journal Debit Credit View general journal Record entry Clear entry
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