Question: i need help with requirement 2 B-Cell Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: shares at cost shares authorized, Total Paid-In
i need help with requirement 2 




B-Cell Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: shares at cost shares authorized, Total Paid-In Capital shares issued and outstanding Total Stockholders' Equity Requirement 2. Prepare the stockholders' equity section of B - Cell's balance sheet at October 31, 2018. Assume B-Cell'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.) B-Cell Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Common Stock-$2 Par Value; Paid-In Capital in Excess of ParCommon Paid-In Capital in Excess of ParPreferred Preferred Stock5%, $100 Par Value; Retained Earnings Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of B - Cell's balance sheet at October 31, 2018. Assume B-Cell'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 B-Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Cell to issue 70,000 shares of 5%, $100 par value cumulative preferred stock and 100,000 shares of $2 par value common stock. During the first month, B - Cell completed the following transactions: i (Click the icon to view the transactions.) Oct. 2 Oct. 6 Issued 20,000 shares of common stock for a building with a market value of $260,000. Issued 950 shares of preferred stock for $130 per share. Issued 14,000 shares of common stock for cash of $84,000. Declared a $21,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Oct. 9 Oct. 10 Oct. 25 Paid the cash dividend. Assume B - Cell's net income for the month was $90,000
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