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 5,700 shares of common stock for cash at $20 per share. b. Issued 1,700 shares of common stock for cash at $23 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 Record the issuance of 5,700 shares of common stock with a par value $2 for a price of $20 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal