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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 $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 transoction/event, select "No Journol Entry Required" in the first account field.) 2. Prepare the joumal entry required for each of these transactions. (If no entry is required for o tronsaction/event, select "No Journal Entry Required" in the first account field.)

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