B-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B - Wireless to issue 110,000 shares of 5%, $50 par value cumulative preferred stock and 180,000 shares of $1 par value common stock. During the first month, B - Wireless 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 journal entry table.) Oct. 2: Issued 24,000 shares of common stock for a building with a market value of $120,000. Date Accounts and Explanation Debit Credit Oct. 2 Oct. 6: Issued 900 shares of preferred stock for $150 per share. Date Accounts and Explanation Debit Credit Oct. 6 Oct. 9: Issued 17,000 shares of common stock for cash of $102,000. Date Accounts and Explanation Debit Credit Oct. 9 Oct. 10: Declared a $11,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Date Accounts and Explanation Debit Credit Oct. 10 Oct. 25: Paid the cash dividend. Date Accounts and Explanation Debit Credit Oct. 25 Requirement 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 $91,0 closed prior to preparing the stockholders' equity section of the balance sheet.) B-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next