Record the October transactions in the general journal.

B-Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Cell to issue 80,000 shares of 996, $50 par value cumulative preferred stock and 140,000 shares of $3 par value common stock. During the first month, B-Cell completed the following transactions: Oct 2 issued 20,000 shares of common stock for a building with a market value of $150,000. Oct 6 issued 750 shares of preferred stock for $120 per share Oct 9 issued 13,000 shares of common stock for cash of $52,000. Oct 10 Declared a $16,000 cash dividend for stockholders of record on Oct 20. Use a separate Dividends Payable account for preferred and common stock. Oct 25 Paid the cash dividend