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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

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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 6,600 shares of common stock for cash at $26 per share. b. Issued 2,600 shares of common stock for cash at $29 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 Stockhold a. Cash Stockholde Assets Liabilities a. Cash b. Cash

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