More info Oct. 2 Oct. 6 Oct. 9 Issued 24,000 shares of common stock for a building with a market value of $100,000. Issued 1,000 shares of preferred stock for $90 per share. Issued 16,000 shares of common stock for cash of $96,000. Declared a $16,000 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-Wireless's net income for the month was $95,000. Print Done Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of B-Wireless's balance sheet at October 31, 2024. Assume B-Wireless'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.) Print Done B-Wirelone Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authories - Wroless to suo 70.000 shares of %.550 p value cumulative preferred stock and 150,000 shares of $3 par le common stock. During the first month, B-Wireless completed the following transactions (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the general joumal. (Record debito fit thon credits. Select the exploration on the last line of the joumal onay table) Oct 2: Issued 24,000 shares of common stock for a building with a market value of $100,000 Dato Accounts and Explanation Debit Credit Oct. 2 Oct. 6: Issued 1.000 shares of preferred stock for $90 per share. Debit Credit Date Accounts and Explanation Oct. 6 Next BE Oct. 6: Issued 1,000 shares of preferred stock for $90 per share. Date Accounts and Explanation Debit Credit Oct. 6 Oct. 9: Issued 16,000 shares of common stock for cash of $96,000. Date Accounts and Explanation Debit Credit Oct. 9 Oct. 10: Declared a $16,000 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 Oct. 25: Paid the cash dividend, Date Accounts and Explanation Debit Credit Oct. 25 Requirement 2. Prepare the stockholders' equity section of B-Wireless's balance sheet at October 31, 2024. Assume 8 - Wireless's not income for the month was $95.000 (sumos temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet) B-Wireless Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital