B - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B - Mobile to issue 80,000 shares of 6%,$100 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, B - Mobile completed the following transactions: (Click the icon to 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 joumal entry table.) Oct. 2: Issued 24,000 shares of common stock for a building with a market value of $270,000. Oct. 6: Issued 1,000 shares of preferred stock for $170 per share. B - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B - Mobile to issue 80,000 shares of 6%, $100 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, B - Mobile completed the following transactions: (Click the icon to view the transactions.) Read the Oct. 9: Issued 12,000 shares of common stock for cash of $48,000. B - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Mobile to issue 80,000 shares of 6%, $100 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, B-Mobile completed the following transactions: (Click the icon to view the transactions.) Read the Oct. 25: Paid the cash dividend