GMobile Wireless needed additional capital to expand, so the business incorporated. GMobile Ltd then completed the following transactions: 0 (Click the icon to view the transactions.) Requirements 1. Record the transactions in the general journal. 2. Prepare the shareholders' equity section of the G-Mobile Wireless balance sheet at 31 July. The ending balance of retained earnings is $47 000. , n't required.) Transactions Issued 24 000 ordinary shares for equipment with a market value of $100 000. Received applications for 20 000 ordinary shares, at a total issue price of $8 per share, each accompanied by an initial payment of 25% of the issue price, and allotted the 20 000 shares to these applicants. Issued 5 000 preference shares to acquire a patent with a market value of $90 000. Made a call on the partly paid ordinary shares of a further $4 per share. The call was paid in full. an initial payment of 25%