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! Required information E 1 1 - 2 ( Algo ) Reporting Stockholders' Equity and Determining Dividend Policy [ LO 1 1 - 2 ,
Required information
EAlgo Reporting Stockholders' Equity and Determining Dividend Policy LO LO
The following information applies to the questions displayed below.
Incentive Corporation was authorized to issue shares of common stock, each with a $ par value. During its first year, the following selected transactions were completed:
a Issued shares of common stock for cash at $ per share.
b Issued shares of common stock for cash at $ per share.
EAlgo Part
Prepare the journal entry required for each of these transactions. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
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