More info Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the month was $94,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) D- Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D - Moble to issue 50,000 shares of cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, D - Moble completed the following transactions: (Cick the icon to view the transactions.) Read the Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Solect the explanation on the last line of the joumal entry table.) Oct. 2: Issued 19,000 shares of common stock for a building with a market value of $240,000. Oct. 6: Issued 600 shares of preferted stock for $140 per share. Oet. 9: Issued 11,000 shares of common stock for cash of $55,000. Oct. 9: Issued 11,000 shares of common stock for cash of $55,000. Oct. 10: Declared a $19,000 cash dividend for stockholders of record Oct. 25: Paid the cash dividend. Oct. 25: Paid the cash dividend. Requirement 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the mont accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Requirement 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the menth was $94,00 accounts have been closed prior to preparing the stockholders' equity section of the balance sheat.) More info Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the month was $94,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) D- Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D - Moble to issue 50,000 shares of cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, D - Moble completed the following transactions: (Cick the icon to view the transactions.) Read the Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Solect the explanation on the last line of the joumal entry table.) Oct. 2: Issued 19,000 shares of common stock for a building with a market value of $240,000. Oct. 6: Issued 600 shares of preferted stock for $140 per share. Oet. 9: Issued 11,000 shares of common stock for cash of $55,000. Oct. 9: Issued 11,000 shares of common stock for cash of $55,000. Oct. 10: Declared a $19,000 cash dividend for stockholders of record Oct. 25: Paid the cash dividend. Oct. 25: Paid the cash dividend. Requirement 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the mont accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Requirement 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the menth was $94,00 accounts have been closed prior to preparing the stockholders' equity section of the balance sheat.)
