Read the Requirements

1.) Record the tranactions in the general journal.

2.) Prepare the stockholders' equity section of B - Mobile's balance sheet at October 31, 2018. Assume B - Mobile's net income for the month was $89,000.

B-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B Mobile to issue 110,000 shares of 9%, $100 par value cumulative preferred stock and 160,000 shares of $3 par value common stock. During the first month. B-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 17,000 shares of common stock for a building with a market value of $270,000. bitCredit Date Accounts and Explanation Oct. 2 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check