Homework: Ch 13 Homework Sav Score: 0.64 of 7 pts 1 of 2 complete) HW Score: 51.3%, 7.7 of 15 & P13-37A (similar to) Question Help 50 r value cu mulative A Mobile wireless needed additional capdal to expand, s the business inco orated. The Charter from the state of Georgia authorizes A preferred stock and 150,000 shares of $3 par value common stock During the first month, A-Mobile completed the following transactions Mobile to issue 90 00 shares of 9%. (Click the icon to view the transactions) Requirements 1. Record the transactions in the general jounal. 2. Prepare the stockholders' equity section of A- Mobile's balance sheet at October 31, 2016, Assume A- Mobile's net income for the month was $94,000 Oct. 6: Issued 850 shares of preferred stock for $130 per share Date Accounts and Explanation DebitCredit More Info Cash Preferred Stock- $50 Par Value Paid-In Capital in Excess of Par- Preferred Oct 6 oct 2 Issued 18,000 shares of common stock for a building with a market value of $140,000 6 Issued 850 shares of preferred stock for $130 per share 9 Issued 14,000 shares of common stock for cash of $56,000 10 Declared a $13,000 cash dividend tor stockholders of record on Oct 20 Issued preferred stock for cash Use a separate Dividends Payable account for preferred and common stock elds and then click Check Answer Choose from any list or enter any number in the input f 25 Paid the cash dividend parts remaining Clear All