Journal Entries A & B

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 hetoowing selectes rensano 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 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.) View transaction list Journal entry worksheet 2 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. Transaction General Journal Debit Credit