D$-$Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D $-$ Mobile to issue $120,000$ shares of $10\%,$$$150$ par value cumulative preferred stock and $140,000$ shares of $$2$ par value common stock. During the first month, $D-$Mobile completed the following transactions:

i$)($Click the icon to view the transactions.$)$

Requirements

Record the transactions in the general journal.

Prepare the stockholders' equity section of $D-$Mobile's balance sheet at October $31,2016$ Assume D $-$ Mobile's net income for the month was $$87,000.$

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 $17,000$ shares of common stock for a building with a market value of $$260,000$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Oct $2,,,],[,,,],[,,,]]$

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ct $2$ Issued $17,000$ shares of common stock for a building with a market value of $$250\mathrm{.}000$

$6$ Issued $850$ shares of preferred stock for $$160$ per share

$9$ Issued $15,000$ shares of common stock for cash of $$60000$

$10$ Dectared a $$17000$ casi dividend for stockhoders of recold on Qet $20$ Use a separate Dividends Payabe account for prefered and common stock.

$25$ Paid the cash dividend.