2 of 2 (1 complete) HW Score: 3 Score: 0 of 20 pts P13-48B (book/static) C - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of C-Mobile to issue 120,000 shares of 9%, $150 par value cumulative preferred stock and 140,000 shares of $3 par During the first month, C-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 explanat the journal entry table.) Oct. 2: Issued 18,000 shares of common stock for a building with a market value of $260,000. Date Accounts and Explanation Debit Credit Oct. 2 Cash 120,000 Common Stock-$3 Par Value Paid-In Capital in Excess of ParCommon