Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes to issue 50000 shares of 8 %, $50 par value cumulative preferred stock and shares of 4$ par value common stock. During the first month, completed the following transactions:

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.)

2: Issued shares of common stock for a building with a market value of . Date Accounts and Explanation Debit Credit Oct. 2 Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining

Record the transactions in the general journal.

2.

Prepare the stockholders' equity section of

DMobile's

balance sheet at

October

31,

2018.

Assume

DMobile's

net income for the month was

$94,000.

(Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)