2	Issued 21000 shares of common stock for a building with a market value if 270000
6	issued 800shares of preferred stock for 120 per share
9	Issued 14000 shares of common stock for cash of 84000
10	Declared a 15000 cash dividend for stockholders of record on oct 20
	Use a separate dividends payable account for preferred and common stock
25	Paid the cash dividend

Requirement 1. record the transactions in the general journal. (record debit first, then credits)

Requirement 2.Prepare the stockholder's equity section of A-Cell's balance sheet at October 31, 2018. Assume A-Cell's net income for the month was $88,000 (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)