A Mobile Wireless needed additional capital to expand so he business incorporated. The charter rom the state of Georgia ho zes A common stock During the first month, A-Mobie completed the tollwing transactions Mobile o issue 100,000 shares of 10 550 par value cumulative preferred stock and 110,000 shares of$2 par va (Click the icon to viaw the transactions) Read the requirements Oct. 10. Declared S1 3,000 cash dvidend for stockholders of record on Oct 20. Use separate Dridends Payable eccount for preferred and common stock Date Accounts and Explanation Debit Credit Cash Dividends Dividends Payable-Common Dividonds Payable Prcfered Oct. 10 More Into Oct. 2 Issued 20,000 shares of common stock for a building with a market value ot $2rD ODD 6 Issued 500 shares of preferred stock for $70 per share 9 Issued 10,000 shares of common stock for cash of $40,000 Doclared cash dividend Ot. 25 Paid the cash dividend 1) Declared a S13 DDO cash divdend tor stockholders ot record on Oct 20 Use a separate Dividends Payable account for preferred and common stock Date Accounts and Explanation Debit Credit 2b Pad the cash dvdend Dvidends Payable Comman Dividends Payable-Prefermed Ot 25 Print Done Paid cash dividend A Mobile Wireless needed additional capital to expand so he business incorporated. The charter rom the state of Georgia ho zes A common stock During the first month, A-Mobie completed the tollwing transactions Mobile o issue 100,000 shares of 10 550 par value cumulative preferred stock and 110,000 shares of$2 par val (Click the icon to viaw the transactions) Read the requirements Requirement 2. Prepare the stockholders' equity section ot A Mobile's balance sheet at October 31, 2018. Assume A- Mobile's net income tor the month was $7 000 (Assume all temporary accounts have been closed pnor to preparing the stockholders' equity section of the balance sheet.) A-Mobile Wireless Balance Sheet (Partial) October 31, 2018 Stockholders Equity More Into Paid-In Capital Oct. 2 Issued 20,000 shares of common stock for a building with a market value ot $2rD ODD 6 Issued 500 shares of preferred stock for $70 per share 9 Issued 10,000 shares of common stock for cash of $40,000 1) Declared a S13 DDO cash divdend tor stockholders ot record on Oct 20 Use a separate Dividends Payable account for preferred and common stock 2b Pad the cash dvdend Print Done Total Paid-In Capital Total Stockholders' Equity