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 9%, $100 par value cumulative preferred stock and 130,000 shares of $2 par 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 joumal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct. 2: Issued 24,000 shares of common stock for a building with a market value of $110,000 Date Accounts and explanation Debit Credit Oct 2 X Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of A - Mobile's balance sheet at October 31, 2018. Assume A - Mobile's net income for the month was $95,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Print Done * More Info - Oct. 2 Issued 24,000 shares of common stock for a building with a market value of $110,000. Oct. 6 Issued 1,000 shares of preferred stock for $110 per share. Oct. 9 Issued 18,000 shares of common stock for cash of $72,000. Declared a $17,000 cash dividend for stockholders of record on Oct. 20. Use a separate Oct. 10 Dividends Payable account for preferred and common stock. Oct. 25 Paid the cash dividend. Assume A - Mobile's net income for the month was $95,000 Print Done