P13-41A (similar to Question Help C Mobile Wireless needed additional capital shares of $3 par value common stock. During the first month, C-Mobile completed the following transactions: issue 120,000 shares of 10% , $50 par value cumulative preferred stock and 100. expand, the business incorporated. The charter from the state of Georgia authorizes C-Mobile (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 joumal entry table.) Oct. 2: Issued 22,000 shares of common stock for a bullding with a market value of $110,000. Date Accounts and Explanation Debit Credit Oct. 2 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer - X More Info i Requirements on Oct 2 Issued 22,000 shares of common stock for a building with a market value of $110.000. Record the transactions in the general journal. 1 2. Prepare the stockholders' equity section of C-Mobile's balance sheet at 6 Issued 650 shares of preferred stock for $110 per share. 9 Issued 17,000 shares of common stock for cash of $68,000. 10 Declared a $11,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common October 31, 2018. Assume C- Mobile's net income for the month was $97,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) stock. 25 Paid the cash dividend. Print Done Print Done