B - Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B - Wireless to issue 120,000 shares of 9%,$50 par value cumulative preferred stock and 140,000 shares of $3 par value common stock. During the first month, B - Wireless completed the following transactions: More info Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of B - Wireless's balance sheet at October 31, 2018. Assume B-Wireless's net income for the month was $92,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)