More Info Requirements Oct. 2 Oct. 6 Oct. 9 Issued 24,000 shares of common stock for a building with a market value of $110,000. Issued 1,000 shares of preferred stock for $170 per share. Issued 18,000 shares of common stock for cash of $90,000. Declared a $18,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. 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 $92,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Oct. 10 Oct. 25 Assume D-Mobile's net income for the month was $92,000. Print Done Print Done D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 80,000 shares of 7%, $150 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, D-Mobile completed the following transactions: (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 24,000 shares of common stock for a building with a market value of $110,000. Date Accounts and Explanation Debit Credit Oct. 2 Oct. 6: Issued 1,000 shares of preferred stock for $170 per share. Date Accounts and Explanation Debit Credit Oct. 6 Oct. 9: Issued 18,000 shares of common stock for cash of $90,000. Date Accounts and Explanation Debit Credit Oct. 9 Choose from any list or enter any number in the input fields and then continue to the next question. ? 0 D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 80,000 shares of 7%, $150 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, D - Mobile completed the following transactions: i (Click the icon to view the transactions.) Read the requirements. TIL Oct. 9: Issued 18,000 shares of common stock for cash of $90,000. Date Accounts and Explanation Debit Credit Oct. 9 Oct. 10: Declared a $18,000 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 Choose from any list or enter any number in the input fields and then continue to the next question. D - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 80,000 shares of 7%, $150 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, D-Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Oct. 25: Paid the cash dividend. Date Accounts and Explanation Debit Credit Oct. 25 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 month was $92,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) D-Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital: Choose from any list or enter any number in the input fields and then continue to the next question. D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 80,000 shares of 7%, $150 par value cumulative preferred stock and 180,000 shares of $3 par value common stock. During the first month, D - Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements 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 month was $92,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) D-Mobile Wireless Balance Sheet (Partial) October 31, 2024 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 continue to the next