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 20,000 shares of common stock for a building with a market value of $120,000. Requirements More info \begin{tabular}{ll} \hline Oct. 2 & Issued 20,000 shares of common stock for a building with a market value of $120,000. \\ Oct. 6 & Issued 900 shares of preferred stock for $150 per share. \\ Oct. 9 & Issued 14,000 shares of common stock for cash of $70,000. \\ Oct. 10 & Declareda$16,000cashdividendforstockholdersofrecordonOct.20.UseaseparateDividendsPayableaccountforpreferredandcommonstock. \\ Oct. 25 & Paid the cash dividend. \end{tabular} 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of C - Wireless's balance sheet at October 31, 2024. Assume C - Wireless's net income for the month was $97,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)