Question: please make it clear!! Required information (The following information applies to the questions displayed below.) Incentive Corporation was authorized to issue 12,000 shares of common

please make it clear!!

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 7,000 shares of

common stock for cash at $30 per share. b. Issued 3,000 shares

of common stock for cash at $33 per share. Required: 1. Complete

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 7,000 shares of common stock for cash at $30 per share. b. Issued 3,000 shares of common stock for cash at $33 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 a. Liabilities Stockholders' Equity b. View transaction list Journal entry worksheet Record the issuance of 7,000 shares of common stock with a par value $2 for a price of $30 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal View transaction list Journal entry worksheet

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