Question: Can you also include the balance sheet. A - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state

Can you also include the balance sheet. A - Mobile Wireless neededCan you also include the balance sheet.

A - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Mobile to issue 70,000 shares of 5%, $50 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, A-Mobile comple following transactions: i (Click the icon to view the transactions.) Read the requirements. C 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 20,000 shares of common stock for a building with a market value of $100,000. X More info Date Accounts and Explanation Debit Credit Oct. 2 Oct. 2 Oct. 6 Issued 20,000 shares of common stock for a building with a market value of $100,000. Issued 900 shares of preferred stock for $100 per share. Oct. 9 Issued 15,000 shares of common stock for cash of $90,000. 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. Paid the cash dividend. Oct. 25 Assume A - Mobile's net income for the month was $95,000. - X Print Done Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of A - Mobile's balance sheet at October 31, 2024. Assume A - Mobile's net income for the month was $95,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Print Done

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