Required information Skip to question [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: Issued 6,000 shares of common stock for cash at $20 per share. Issued 2,000 shares of common stock for cash at $23 per share. Prepare the journal entry required for