B-Mobile Wireless needed aditional capital to expand, so the business incorporated. The charter from the state of Georgia authories B-Mobile to issue 100.000 shares of 6% 550 par value cumulative preferred stock and 150 000 shares of S4 par value common stock During the first month 3-Moble completed the following transactions Click the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the general joumal (Record debts fist then credits Select the explanation on the last line of the journal antry tablo) Oct. 2: Issued 17.000 shares of common stock for a building with a market value of $160.000 Accounts and Explanation Date Debit Credit Od 2 Od 6 Issued 550 shares of preferred stock for $150 per share Date Accounts and Explanation Oct 6 Debit Credit Od 9 Issued 15.000 shares of common stock for cash of $75.000 Date Accounts and Explanation Debit Credit Oct 9 Od 10 Declared a 521000 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 Det Credit Oct 25 B-Mobile Wireless needed additional capital to expand so the business incorporated. The charter from the state of Georgia authories - Mobile to issue 100.000 shares of 6% 550 par value cumulative preferred stock and 150.000 shares of S4 pat vabe common stock During the fest month, B - Mobile completed the following transactions Click the icon to view the transactions.) Read the requirements Oct 9 . Od 10 Dedared a 521.000 cash dividend for stockholders of record on Oct 20 Use a separate Drdents Payable account for preferred and common stock Accounts and Explanation Debat Credit Date Od 10 Oct 25 Paid the cash dividend Date Accounts and Explanation Debit Credit Od 25 Requirement Prepare the stockholders' equlty section of B-Mobile's balance sheet on October 32024 Assume B-Mobile's net income for the month was 596,000. (Assume al temporary accounts have been doned prior to preparing the stockholders' equity section of the balance sheet) B Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid in Capital Total Pals-to Capital Total Stockholders Equity More info Oct. 2 Oct. 6 Oct. 9 Issued 17,000 shares of common stock for a building with a market value of $160,000 Issued 550 shares of preferred stock for $150 per share. Issued 15,000 shares of common stock for cash of $75,000 Declared a 521.000 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. 25 Assume B-Mobile's net income for the month was $96,000 - X Requirements en for the un 1. Record the transactions in the general Journal 2. Prepare the stockholders' equity section of B-Mobile's balance sheet at October 31, 2024 Assume B-Mobile's net income for the month was $96.000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet) Print Done