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C- wireless needed additional capital to expand so the business Inc. The charter from the state of Georgia authorized wireless to issue 120,000 shares of

C- wireless needed additional capital to expand so the business Inc. The charter from the state of Georgia authorized wireless to issue 120,000 shares of 8%, $50 par value cumulative preferred stock and 140,000 shares of two dollar par value common stock. During the first month, wireless completed the following transactions. PLEASE FILL OUT ASAP, love your guys support! image text in transcribed
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C-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia a shares of $2 par value common stock. During the first month, C- Wireless completed the following transactions: Click the icon to view the transactions.) Read the requirements C-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Pald-in Capital: Common Stock-$2 Par Value; 140000 Shares authorized 30000 shares issued and outstanding Paid in Capital in Excess of Par-Common Preferred Stock89%, 50 Par Value: 35000 Paldin Capital in Excess of Par-Preferred Total Paid in Capital Pewned Earrings Total stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question O More Info Oct. 2 Issued 22,000 shares of common stock for a building with a market value of $110,000 Oct. 6 Issued 700 shares of preferred stock for $100 per share. Oct. 9 Issued 14,000 shares of common stock for cash of $70,000. 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. 25 Paid the cash dividend. Assume C - Wireless's net income for the month was $97,000. Print Done

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