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Prepare journal entry required for each of these transaction

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Question - 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 6.900 shares of common stock for cash at $29 per share.

b. Issued 2.900 shares of common stock for cash at $32 per share.

Required - Prepare the Journal entry required for each of these transactions.

Reference no: EM133176676

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