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 year, the following selected transactions were completed:

Issued 6,000 shares of common stock for cash at $20 per share.

Issued 2,000 shares of common stock for cash at $23 per share.

Required: 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.)