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 $2 par value. During its first year, the following selected transactions were completed: a. Issued 6,100 shares of common stock for cash at $21 per share. b. Issued 2,100 shares of common stock for cash at $24 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 1 2 Record the issuance of 6,100 shares of common stock with a par value $2 for a price of $21 per share.

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 $2 par value. During its first year, the following selected transactions were completed: a. Issued 6,100 shares of common stock for cash at $21 per share. b. Issued 2,100 shares of common stock for cash at $24 per share. 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 2 Record the issuance of 6,100 shares of common stock with a par value $2 for a price of $21 per share. Journal entry worksheet Record the issuance of 6,100 shares of common stock with a par value $2 for a price of $21 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 2,100 shares of common stock with a par value $2 for a price of $24 per share. Note: Enter debits before credits