$130,000$ shares of $$2$ par value common stock. During the first month, $D-$ Mobile 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 $25,000$ shares of common stock for a building with a market value of $$160,000.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Oct$.2,$Building,$160,000,],[$Common Stock $-$ $$2$ Par Value,,$],[$Paid$-$In Capital in Excess of Par$-$Common,E$,],[$Issued common stock for building.,,$]]$

Oct. $6$: Issued $800$ shares of preferred stock for $$170$ per share.

Oct. $9$: Issued $17,000$ shares of common stock for cash of $$85,000.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Oct$.9,,,]]$

More info

$\backslash$table$[[$Oct$.2,$Issued $25,000$ shares of common stock for a building with a market value of $$160,000.],[$Oct$.6,$Issued $800$ shares of preferred stock for $$170$ per share.$],[$Oct$.9,$Issued $17,000$ shares of common stock for cash of $$85,000.],[$Oct$.10,\backslash$table$[[$Declared a $$14,000$ 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 D $-$ Mobile$$set income for the month was $$93,000.$

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