A - Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Wireless to issue 90,000 shares of 7% $50 per value cumulative preferred stock and 100,000 shares of $3 par value common stock. During the first month, A - Wireless completed the following transactions: Requirements > view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct. 2: Issued 21,000 shares of common stock for a building with a market value of $260,000. Date Accounts and Explanation Oct. 2 Building Common Stock-$3 Par Value Paid-In Capital in Excess of Par-Common Issued common stock for building. Oct. 6: Issued 500 shares of preferred stock for $110 per share. Date Oct. 6 Cash Accounts and Explanation Preferred Stock-$50 Par Value Paid-In Capital in Excess of Par-Preferred Issued common stock for cash. Oct. 9: Issued 10,000 shares of common stock for cash of $40,000. Date Accounts and Explanation Oct. 9 Cash Common Stock-$3 Par Value Paid-In Capital in Excess of Par-Common Debit Credit Debit Credit Debit Credit Issued common stock for cash. Oct. 10: Declared a $17,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Date Accounts and Explanation Oct. 10 Cash Dividends Dividends Payable-Preferred Dividends Payable-Common Declared cash dividend. Oct. 25: Paid the cash dividend. Debit Credit Date Accounts and Explanation Debit Credit Oct. 25 Dividends Payable-Preferred Dividends Payable-Common Cash Paid cash dividend. Requirement 2. Prepare the stockholders' equity section of A- Wireless's balance sheet at October 31, 2024. Assume A - Wireless's net income for the month was $91,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Requirement 2. Prepare the stockholders' equity section of A - Wireless's balance sheet at October 31, 2024. Assume A - Wireless's net income for the month was $91,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) A-Wireless Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital: Preferred Stock-7%, $50 Par Value; shares authorized, Paid-In Capital in Excess of Par-Preferred shares issued and outstanding Common Stock-$3 Par Value; shares authorized, shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity