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 5,400 shares of common stock for cash at $24 per share. Issued 1,400 shares of common stock for cash at $27 per share. Required: 1. Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Required: 1. Complete the table below, indicating the account, amount and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Assets Llabilities Stockholders' Emily b 2 Part 2 of 4 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: 0.45 points a Issued 5,400 shares of common stock for cash at $24 per share. b. Issued 1,400 shares of common stock for cash at $27 per share. eBook 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.) Het 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