A - Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A Wireless to issue 100,000 shares of 10% $100 par value cumulative preferred stock and 170,000 sharos of $1 par value common stock. During the first month, A - Wireless completed the following transactions. (i) (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 17,000 shares of common stock for a building with a market value of $120,000. More info \begin{tabular}{|c|c|} \hline Oct. 2 & Issued 17,000 shares of common stock for a building with a market value of $120,000. \\ \hline Oct. 6 & Issued 750 shares of preferred stock for $160 per share. \\ \hline Oct. 9 & Issued 16,000 shares of common stock for cash of $64,000. \\ \hline Oct. 10 & \begin{tabular}{l} Declared a $20,000 cash dividend for stockholders of record on Oct. 20. Use a separate \\ Dividends Payable account for preferred and common stock. \end{tabular} \\ \hline Oct. 25 & Paid the cash dividend. \\ \hline \end{tabular} Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of A - Wireless's balance sheet at October 31, 2024. Assume A-Wireless'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.)