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 5.500 shares of common stock for cash at $20 per share, b. Issued 1.500 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 o transaction/event, select "No Journal Entry Required" in the first account field.)