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A M e Wireless needed additional capital to expand so he business ncorpora e The Chartar romthe state o Gea la au honzes A Mobila o ssue 120 first month, A-Mobe completed the following transaction (Click the icon to view the transactions.) Requirements 1. Record the transactions in the general journal 2. Prepare the stockholders equity section of A-Mobile's balance sheet at October 31, 2016. Assume A-Mobile's net income for the month was $93,000 shares of 10% 50 ar value cumulative ref red stack and 16 000 shares f 2 par value com man ta k uring th Paid cesh divigend Requirement 2. Prepare the stockholdars equity section of A-Mobile's balance sheet at October 31, 2016 Assume A-Mobile's net income for the month was $93,000 A-Mobile Wireless Balance Sheet (Partial October 31, 2016 Stockholders' Equity PaidIn Captal. Preferred Stock-10%. S50 Par ValuR Choose from any list or enter any number in the input fields and then click Check Answer A Mobile W eless needed ad tio al capital to expand, s the business corporated he c a er tom he state of( e a a es A Moble o issue 1 00 shares of 10% hrst month, A -Mobile completed the following transactions: (Click the icon to view the transactions.) Requirements 1 Record the transactions in the general jounal. 2. Prepare the stockholders' equity section of A- Mabiles balance sheet at October 31, 2016 Assume -Mobile's nat income for the month was $93,0OD 5 pa value cum a ve refe e sicck and 6 Ds es o pa value com ons c n the More Into Paid-In Capital Oct. 2 Issued 20,000 shares of common stock for a building with a market value of $160,000 6 Issued 600 shares of prefeed stock for $170 per share 9 Issued 10,000 shares of common stock for cash of S50,000 10 Declared a $16 000 cash dividend for stockholders cf recard on Oct 20 Use a separate Dividends Payable account for preferred and common stock Total Paid-in Capital 25 Paid the cash dvidand Print Done Total Stockholders' Equity Choose from any ist or enter any number in the input fiekds and then click Check Answer Clear All Check

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