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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

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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 yeat the following selected transactions were completed a. Issued 6,500 shares of common stock for cash at $25 per share b. Issued 2.500 shares of common stock for cash at $28 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.) Assets Liabilities Stockholders' Equity b

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