A AND B journal entry

A- record the issuance of 5,900 shares of common stock with a par value $1 for a price of $19 per share

B-record the issuance of 1,900 shares of common stock with a par value $1 for a price of $22 per share

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 \$1 par value. During its first year, the following selected transactions were completed: a. Issued 5,900 shares of common stock for cash at $19 per share. b. Issued 1,900 shares of common stock for cash at $22 per share. 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.) Journal entry worksheet Record the issuance of 5,900 shares of common stock with a par value $1 for a price of $19 per share. Note: Enter debits before credits