Hello, can someone please help me with the three items in yellow at the bottom? Someone was able to assist with the other portions of this but I truly don't know about these three in yellow. Thanks.
i More Info - X Oct. 2 Oct. 6 Oct. 9 Issued 18,000 shares of common stock for a building with a market value of $130,000. Issued 900 shares of preferred stock for $80 per share. Issued 17,000 shares of common stock for cash of $68,000 Declared a $21,000 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-cell's net income for the month was 595,000. Print Done B-Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Cell to issue 100,000 shares of 9%, $50 par value cumulative preferred stock and 150,000 shares of $3 par value common stock. During the first month, B-Cell completed the following transactions: la 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 18,000 shares of common stock for a building with a market value of $130,000. Date Accounts and Explanation Debit Credit Oct. 2 130,000 Building Common Stock-$3 Par Value Paid-In Capital in Excess of ParCommon 54,000 76,000 Issued common stock for building. Oct. 6: Issued 900 shares of preferred stock for $80 per share. Date Accounts and Explanation Debit Credit Oct. 6 Cash 72,000 45,000 Preferred Stock-$50 Par Value Paid-In Capital in Excess of ParPreferred 27,000 Issued preferred stock for cash. Oct. 9: Issued 17,000 shares of common stock for cash of $68,000 Date Accounts and Explanation Debit Credit Oct. 9 Cash 68,000 51,000 Common Stock-$3 Par Value Paid-In Capital in Excess of ParCommon 17,000 Issued common stock for cash. Oct 10: Declared a $21,000 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 Cash Dividends 21,000 Dividends PayablePreferred 4,050 Dividends Payable-Common 16,950 Declared cash dividend. Oct. 25: Paid the cash dividend. Date Debit Credit Oct. 25 Accounts and Explanation Dividends PayablePreferred Dividends PayableCommon Cash 4,050 16,950 21,000 Paid cash dividend. Requirement 2. Prepare the stockholders' equity section of B-Cell's balance sheet at October 31, 2018. Assume B-Cell's net income for the month was $95,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) B-Cell Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Preferred Stock9%, $50 Par Value; 4050 shares authorized, 900 shares issued and outstanding Paid-In Capital in Excess of Par-Preferred Common Stock-$3 Par Value; 16950 shares authorized, 18000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings $ 45,000 27,000 105,000 93,000 270,000 74.000 $ 344,000 Total Stockholders' Equity
