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! Required information E 1 1 - 2 ( Algo ) Reporting Stockholders' Equity and Determining Dividend Policy [ LO 1 1 - 2 ,

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Required information
E11-2(Algo) Reporting Stockholders' Equity and Determining Dividend Policy [LO 11-2, LO 11-3]
[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 6,800 shares of common stock for cash at $28 per share.
b. Issued 2,800 shares of common stock for cash at $31 per share.
E11-2(Algo) Part 2
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.)
Journal entry worksheet
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