to view More Info ments Record the journal entry tab 000 share Building Commnd Oct. 2 Issued 17,000 shares of common stock for a building with a market value of $270,000 Oct. 6 Issued 700 shares of preferred stock for $170 per share. Oct. 9 Issued 15,000 shares of common stock for cash of $75,000 Declared a $15,000 cash dividend for stockholders of record on Oct. 20. Use a separate Oct. 10 Dividends Payable account for preferred and common stock. Oct. 25 Paid the cash dividend Assume A-Mobile's net income for the month was $92,000 Paid In Issued con 00 shares o Print Done Date Credit Oct. 2: Issued 17,000 shares of common stock for a building with a market value of $270,000. Accounts and Explanation Debit Oct 2 Building 270,000 Common Stock-$3 Par Value Paid-In Capital in Excess of Par-Common 25 O 51,000 219,000 Issued common stock for building Date Debit Credit Oct. 6: Issued 700 shares of preferred stock for $170 per share. Accounts and Explanation Oct. 6 Cash Preferred Stock-$150 Par Value Paid-in Capital in Excess of Par-Preferred 119.000 25 OL 105,000 14,000 Issued preferred stock for cash. Debit Credit Oct. 9: Issued 15,000 shares of common stock for cash of $75,000. Date Accounts and Explanation Oct. 9 Cash Common Stock-$3 Par Value Pald-in Capital in Excess of Par-Common 75,000 25 45,000 30,000 Issued common stock for cash Debit Od. 10: Declared a $15,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock, Date Accounts and Explanation Credit Cash Dividends 15,000 Dividends Payable-Preferred 8,400 Dividendu Puyable Common 6,600 Oct 10 Declared cash dividend. Debit Credit Oct. 25: Paid the cash dividend Dato Accounts and Explanation Oct 25 Dividends Payable-Preferred Dividends Payable--Common Cash 8,400 6,600 25 15,000 Poid cash dividend, Requirement 2. Prepare the wholder et section of Mobile's balance sheet at October 31, 2004. Assume A-Mobile's not income for the month was $82,000. (Masume at temporary account have been doned prior to preparing the stockholders uity section of the balance shout A Mobile Wireless dette 31.014 Stockholders' Equity Paldin Capital Choose from any otocenter any number in the mids and then click Check