Required information E11-2 Reporting Stockholders' Equity and Determining Dividend Policy [LO 11-2, LO 11-3] 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 7000 shares of common stock for cash at $30 per share. b. Issued 3,000 shares of common stock for cash at $33 per share. Journal entry worksheet 2 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. Credit Transaction General Journal Debit View general journal Record entry Clear entry Journal entry worksheet 2 Record the issuance of 3,000 shares of common stock with a par value $2 for a price of $33 per share. Note: Enter debits before credits. Debit Transaction General Journal Credit Clear entry Record entry View general journal