A-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Wireless to issue 90,000 shares of 8%, $50 par value cumulative preferred stock and 110,000 sha of $4 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 $110,000. Date Accounts and Explanation Debit Credit Oct. 2 Building 110000 Common Stock-$4 Par Value 68000 Paid-In Capital Excess of Par-Common 42000 Issued common stock for building. Oct. 6: Issued 500 shares of preferred stock for $120 per share. Date Accounts and Explanation Debit Credit Oct. 6 Oct. 9: Issued 15,000 shares of common stock for cash of $90,000 Date Accounts and Explanation Debit Credit Oct. 9 A-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Wireless to issue 90,000 shares of 8%. $50 par value cumulative preferred stock and 110,000 sha of $4 par value common stock. During the first month, A-Wireless 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 17,000 shares of common stock for a building -X Date Accounts and Explanatio More Info Oct. 2 Building Common Stock-$4 Par Value Oct. 2 Issued 17,000 shares of common stock for a building with a market value of $110,000. Paid In Capital in Excess of Par-Common Oct. 6 Issued 500 shares of preferred stock for $120 per share Oct. 9 Issued 15,000 shares of common stock for cash of $90,000. Issued common stock for building, Declared a $20,000 cash dividend for stockholders of record on Oct. 20. Use a separate Oct. 10 Dividends Payable account for preferred and common stock. Oct. 6: Issued 500 shares of preferred stock for $120 per sha Oct 25 Paid the cash dividend. Date Accounts and Explanatio Assume A-Wireless's net income for the month was $97,000. Oct. 6 Print Print Done Oct. 9: Issued 15,000 shares of common stock for cash of $90,000. Date Accounts and Explanation Debit Credit Oct. 9 A-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Wireless to issue 90,000 shares of 8%, $50 par value cumulative preferred stock and 110,000 sha of $4 par value common stock. During the first month, A-Wireless completed the following transactions: (Click the icon to view the transactions.) Read the requirements. + Oct. 9: Issued 15,000 shares of common stock for cash of $90,000. Date Accounts and Explanation Debit Credit Oct. 9 Oct. 10: Declared a $20,000 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-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Wireless to issue 90,000 shares of 8%. $50 par value cumulative preferred stock and 110,000 sha of $4 par value common stock. During the first month, A-Wireless 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-Wireless's balance sheet at October 31, 2018. Assume A-Wireless's net income for the month was $97,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) A-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: I 1 Total Paid-In Capital Total Stockholders' Equity issue 90,000 shares of 8%, $50 par value cumulative preferred stock and 110,000 sha A-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Wireless of $4 par value common stock. During the first month, A-Wireless completed the following transactions: (Click the icon to view the transactions.) Read the requirements Date Accounts and Explanation Debit Credit Oct. 25 Requirements Requirement 2. Prepare the stockholders' equity section of A-Wireles preparing the stockholders' equity section of the balance sheet.) oo. (Assume all temporary accounts have been closed prior to 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of A-Wireless's balance sheet at October 31, 2018. Assume A-Wireless's net income for the month was $97,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) A-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Print Done Total Paid-In Capital Total Stockholders' Equity