B-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Wireless to issue 90,000 shares of 5%, $50 par value cumulative preferred stock and 160,000 shares of $5 par value common stock. During the first month. B-Wireless completed the following transactions: Requirement 2. Prepare the stockholders' equity section of B-Wireless's balance sheet at October 31, 2024. Assume B-Wireless's net income for the month was $88,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) B-Wireless Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity K B-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of C issue 90,000 shares of 5%, $50 par value cumulative preferred stock and 160,000 shares of $5 par value common stock B-Wireless completed the following transactions: (Click the icon to view the transactions.) Read the requirements. More info Issued 21,000 shares of common stock for a building with a market value of $260,000. Issued 950 shares of preferred stock for $130 per share. Oct. 2 Oct. 6 Oct. 9 Issued 10,000 shares of common stock for cash of $60,000. Oct. 10 Oct. 25 Declared a $14,000 cash dividend for stockholders of record on Oct. 20. Use a separate. Dividends Payable account for preferred and common stock. Paid the cash dividend. Assume B-Wireless's net income for the month was $88,000. Demodocs example Get more help Print Done - X ume E uity se Clear all