A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Mobile to issue 90,000 shares of 8%, $150 par value cumulative preferred stock and 130,000 shares of $5 par value common stock. During the first month, A-Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Oct. 9: Issued 17,000 shares of common stock for cash of $102,000. Date Accounts and Explanation Debit Credit Oct. 9 Oct. 10: Declared a $17,000 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 A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Mobile to issue 90,000 shares of 8%, $150 par value cumulative preferred stock and 130,000 shares of $5 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 journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct. 2: Issued 25,000 shares common stock for a building with a market value of $150,000. Date Accounts and Explanation Debit Credit Oct. 2 Oct. 6: Issued 850 shares of preferred stock for $160 per share. Date Accounts and Explanation Debit Credit Oct. 6 Oct. 9: Issued 17,000 shares common stock for cash of $102,000 Dato Accounts and Explanation Debit Credit Oct. 9 A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Mobile to issue 90,000 shares of 8%, $150 par value cumulative preferred stock and 130,000 shares of $5 par value common stock. During the first month, A-Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements Date Accounts and Explanation Debit Credit Oct, 25 Requirement 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 $93,000. (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, 2018 Stockholders' Equity Pald-in Capital: Total Paid-In Capital Total Stockholders' Equity A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Mobile to issue 90,000 shares of 8%, $150 par value cumulative preferred stock and 130,000 shares of SS 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 journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct. 2: Issued 25,000 shares common stock for a building More Info Date Accounts and Explanatid Oct. 2 Oct 2 Oct. 6 Oct. 9 Issued 25,000 shares of common stock for a building with a market value of $150,000, Issued 850 shares of preferred stock for S160 per share. Issued 17,000 shares of common stock for cash of $102,000. Declared a $17,000 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. 6: Issued 850 shares of preferred stock for $160 per sha Oct 10 Oct. 25 Date Accounts and Explanatio Assume A - Mobile's net income for the month was $93.000. Oct. 6 Print Done Oct. 9: Issued 17,000 shares common stock for cash of S102.000. Date Accounts and Explanation Debit Credit Oct. 9 A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Mobile to issue 90,000 shares of 8%, $150 par value cumulative preferred stock and 130,000 shares of $5 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 joumal entry table.) Oct. 2: Issued 25,000 shares common stock for a building with a market value of $150,000. Date Accounts and Explanation - X Oct. 2 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 $93,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Oct. 6: Issued 850 shares of preferred stock for $160 per share. Date Accounts and Explanation Oct. 6 Print Done Oct. 9: Issued 17,000 shares common stock for cash of $102,000. Date Accounts and Explanation Debit Credit Oct. 9