P13-41A Journalizing stock issuance and cash dividends and preparing the Learning Objectives 2, 4 stockholders' equity section of the balance sheet 2. Total Stockholders' Equity $454,000 D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, D-Mobile completed the following transactions Issued 19,000 shares of common stock for a building with a market value of $240,000. Oct. 2 6 Issued 600 shares of preferred stock for $140 per share. 9 Issued 11,000 shares of common stock for cash of $55,000. 10 Declared a $19,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. 25