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Instructor-created question Question Help Assume the following authorized shares for B-Wireless Wireless Co: 40,000 shares of 5%. $100 par value cumulative preferred stock and 100,000
Instructor-created question Question Help Assume the following authorized shares for B-Wireless Wireless Co: 40,000 shares of 5%. $100 par value cumulative preferred stock and 100,000 shares of $2 par value common stock. The company had the following during its first month of doing business Oct. 2: Purchased furniture, issuing 18,000 shares of common stock. The furniture was worth $130,000 Oct. 6: Issued 500 shares of preferred stock for $160 per share. Oct. 9: Issued 14,000 shares of common stock for $84,000. Oct. 10: Declared a $18,000 dividend. The dividend was paid the following month. Additionally, the company had net income of $95,000 for the month. Requirement: Complete the following for the company at the end of the month. B-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer Instructor-created question Question Help Assume the following authorized shares for B - Wireless Wireless Co: 40,000 shares of 5%, $100 par value cumulative preferred stock and 100,000 shares of $2 par value common stock. INUYULICI TUHIWU w w rury U V W T . B-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check
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