A- Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Mobile to issue 100,000 shares of 8%, $50 par value cumulative preferred stock and 130,000 shares of $5 pa value common stock. During the first month, A-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 $270,000. More Info Date Accounts and Explanation Debit Credit Oct. 2 Oct. 2 Oct. 6 Oct. 9 Issued 25,000 shares of common stock for a building with a market value of $270,000. Issued 750 shares of preferred stock for $130 per share. Issued 10,000 shares of common stock for cash of $60,000. Declared a $15,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. Oct. 10 Oct. 6: Issued 750 shares of preferred stock for $130 per share Oct. 25 Date Accounts and Explanation Debit Credit Assume A - Mobile's net income for the month was $87,000. Oct. 6 Print Print Done Choose from any list or enter any number in the input fields and then continue to the next question. Oct. 9: Issued 10.000 shares of common stock for cash of $60.000. Date Accounts and Explanation Debit Credit Oct. Oct 10: Declared a $15,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock Date Accounts and Explanation Debit Credit Oct. 10 Oct. 25: Paid the cash dividend. Date Accounts and Explanation Debit Credit Oct. 25 Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Prepare the stockholders' equity section of A - Mobile's balance sheet at October 31, 2024. Assume A - Mobile's net income for the month was $87,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) A-Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next