B - Mobile Wireless needed additional capital to expand, so the business incorporated The charter from the state of Georgia authorizes B- Mobie to issue 120,000 shares of 7%,$50 par value cumulative preterred stock and 180,000 shares of $3 par value common stock. During the first month, B - Mobile completed the following transactions. (i.) (Click the icon to view the transactions) Read the reguirements Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Solect the explanation on the last line of the journal entity table ) Oct 2. Issued 17,000 shares of colnmon stock tor a bulding with a market value of $130000 Oct 6 issued 700 shares of preferied stock for $1/0 per share. More info Oct. 2 Issued 17,000 shares of common stock for a building with a market value of $130,000. Oct. 6 Issued 700 shares of preferred stock for $170 per share. Oct. 9 Issued 13,000 shares of common stock for cash of $52,000. Oct. 10 Declared a $21,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Oct. 25 Paid the cash dividend. Assume B - Mobile's net income for the month was $97,000. Oct 9- Issued 13,000 shares of common stock for cash of $52,000. Oct. 25. Paid the cash dividend. Requirement 2. Prepare the stockholders' equity section of B-Mobile's balance sheet at October 31, 2024. Assume B-Mobile's net income for the month was have been closed prior to preparing the stockholders' equity section of the balance sheet.) ave been diosed prior to preparing the stockhoiders' equity secton ol the balance sheel.) B-Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total Stockholders' Equity