D- Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D - Mobile to issue 70,000 shares of 9%, $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:

D-Mobile Wireless needed additional capital to expand to the business incorporated. The charter from the state of Georgia anor D-Mobile to me 70,000 shares of 3.5160 wamalive preferred stock and 180.000 $2 p value common tool. During the first month, D-Mobile completed the following transactions Click to on to view the transactions) Read the requirements Requirement 1. Record the transactions in the general oumal Record debt fint, then croit Select the wplanation on the listine of the malery) Oct 2med 22,000 shares of common stock for a building with a market value of $140.000 Date Accounts and Explanation Debit Credit Det 2 Debe Credit Odd 650 shares of preferred stock for $170 per share Date Accounts and Explanation Oct 6 Od 10.000 shares of common Mack for cash of $60,000 Date Account and Explanation Det Crede s: 90 shares More info X Oct. 2 Select the ex Oct. 6 Oct. 9 Issued 22,000 shares of common stock for a building with a market value of $140,000 Issued 550 shares of preferred stock for $170 per share. Issued 10,000 shares of common stock for cash of $60,000. Declared a $14,000 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. 10 Credit Oct. 25 Assume D-Mobile's net income for the month was $90,000. Requirements Credit 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the month was $90,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Print Done Credit Mart Requirement 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the the stockholders' equity section of the balance sheet.) D-Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Pald-in Capital: Total Paid-In Capital Total Stockholders' Equity MacBook Air