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referred Stock to view the tra More info nents Oct. 2 able.) Oct. 6 Record the trans ,000 shares of Oct. 9 Issued 18,000 shares of common stock for a building with a market value of $150,000 Issued 550 shares of preferred stock for $120 per share, Issued 17.000 shares of common stock for cash of $102,000. Declared a $15,000 cash dividends for stockholders of record on Oct. 20. Use a separate Dividends Payablo account for preferred and common stock Paid the cash dividend. Oct. 10 Oct. 25 Assume B-Mobile's net income for the month was $88,000 B - Mobile Wireless needed additional capital to expand, to the business incorporated. The charter from the state of Georgia authorized B-Mobile to issue 100.000 shares of 8%, 5100 por value cumulative preferred stock and 130,000 shares of $5 par value common stock. During the first month, B - Mobile completed the following transactions 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 18,000 shares of common stock for a bulding with a market value of 5150,000. Date Accounts and Explanation Debit Credit Oct 2 Oct 6: Issued 550 shares of preferred stock for $120 per share Date Accounts and Explanation Debit Credit Oct. 6 B-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B - Mobil Accounts and Explanation Date Debit Credit Oct. 6 Oct. 9: Issued 17,000 shares of common stock for cash of $102,000, Dato Accounts and Explanation Oct 9 Debit Credit Date Accounts and Explanation Debit Credit Oct. 10 Od, 25: Pald the cash dividend. Date Accounts and Explanation Debit Credit Oct 25 8 - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the stad Requirement 2. Prepare the stockholders equity section of B-Mobile's balance sheet at October 31, 2024. Assume - Mobile's net income for the month was 588,000. Assume Semporary accounts have been cloud prior to preparing the stockholders' equity section of the balance sheet) B-Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid in Capital Total Paid-in Capital B-Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-in Capital: Total Paid-In Capital Total Stockholders' Equity