PASENDICANONY A-Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Cell to issue 90,000 shares of 9%, $50 par value cumulative preferred stock and 110,000 shares of $3 par value common stock. During the first month, A-Cell completed the following transactions: i (Click the icon to view the transactions.) Read the requirements Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Stockholders' Equity

A - Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Cell to issue 90,000 shares of 9%,$50 par value cumulative preferred stock and 110,000 shares of $3 par value common stock. During the first month, A - Cell completed the following transactions: (Click the icon to view the transactions.) Read the More info Oct. 2 Issued 22,000 shares of common stock for a building with a market value of $140,000 Oct. 6 Issued 700 shares of preferred stock for $170 per share Oct. 9 Issued 10,000 shares of common stock for cash of $40,000 Oct. 10 Declared a $13,000 cash dividend for stockholders of record on Oct. 20 . Use a separate Dividends Payable account for preferred and common stock. Oct. 25 Paid the cash dividend. Assume A - Cell's net income for the month was $92,000. Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of A - Cell's balance sheet at October 31,2024 . Assume A - Cell's net income for the month was $92,000 (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)