Question: Please Help answer this! Thank U! A - Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of


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%,$100 par value cumulative preferred stock and 170,000 shares of $5 par value common stock. During the first month, A - Cell completed the following transactions: A - Cell Wireless needed additional capital to expand, so the business incorporated. Th Georgia authorizes A - Cell to issue 90,000 shares of 9%,$100 par value cumulative pr shares of $5 par value common stock. During the first month, A - Cell completed the foll More info 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 $96,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)
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