PF13-41A (similar to) Question Help B-Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Cell to issue 40,000 shares of 7%. $50 par value cumulative preferred stock and 140,000 shares of $1 par value common stock. During the first month, B-Cell completed the following transactions: (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 journal entry table.) Oct. 2: Issued 21,000 shares of common stock for a building 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. 2 More Info PF13-41A (similar to) B-Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authoriza value common stock. During the first month, B-Cell completed the following transactions: (Click the icon to view the transactions.) Oct. 2 Issued 21,000 shares of common stock for a building with a market value of $110,000. Read the requirements Oct. 6 Issued 1,000 shares of preferred stock for $170 per share. Oct. 9 Issued 10,000 shares of common stock for cash of S40,000. Oct. 10 Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last Oct. 2: Issued 21,000 shares common stock for a building with a market value of $110,000. Declared a $21,000 cash dividend for stockholders of record on Oct 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. Oct. 25 Date Accounts and Explanation Debit Credit Assume B-cell's net income for the month was $97,000 Oct. 2 Print Done Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of B-Cell's balance sheet at October 31, 2024. Assume B-Cell'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.) Print Done Choose from any list or enter any number in the input fields and then click Check