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Problem 1 : P13-41A Assignment Backqround: D-Mobile Wireless needed additional capital to expand, so the business 1Using the General Journal tab, click Add Transaction to
Problem 1 : P13-41A Assignment Backqround: D-Mobile Wireless needed additional capital to expand, so the business 1Using the General Journal tab, click Add Transaction to journalize 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. D-Mobile entered into then repeat these steps for each transaction the transactions listed in the Transactions section below during October 2) Click the Reports tab and review the results of recording these 2018 each transaction. Click Post Transaction once you complete the entry, transactions on the General Ledger 3) Click Submit Work when complete Transactions: 10/02/2018 Issued 19,000 shares of common stock for a building with a market value of $240,000 10/06/2018 Issued 600 shares of preferred stock for $140 per share 10/09/2018 Issued 11,000 shares of common stock for cash of $55,000 10/10/2018 Declared a $19,000 cash dividend for stockholders of record on October 20. Use a separate dividends payable account for preferred and common stock. SAVE WORK RESET RESULTS SUBMIT WORK October 1, 2018 - October 31, 2018 BuSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Account Debit Credit Select an account ADD Row DELETE CHECKED Rows POST TO GENERAL LEDGER CANCEL
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