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Need help with question 1 and 2. Thank you! Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the
Need help with question 1 and 2. Thank you!
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 22,000 shares of common stock for a building with a market value of $100,000. Date Accounts and Explanation Debit Credit Oct. 2 - More Info Oct. 2 Oct. 6 Oct. 9 Issued 22,000 shares of common stock for a building with a market value of $100,000. a Issued 800 shares of preferred stock for $110 per share. Issued 10,000 shares of common stock for cash of $40,000. Declared a $12,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Oct. 10 Oct. 25 Paid the cash dividend. Assume A-Wireless's net income for the month was $88,000. Print DoneStep by Step Solution
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