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Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Mobile to issue 110,000 shares of 8%, $50 par value cumulative preferred stock and 140,000 shares of $2 par value common stock. During the first month, A - Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the general journal. (Record debits first, thon credit Select the explana A More Info Oct. 2: Issued 22,000 shares of common stock for a building with a market value of $150,000 Date Accounts and Explanation Debit Credit Oct. 2 Issued 22,000 shares of common stock for a building with a market value of $150,000 6 Issued 800 shares of preferred stock for $150 per share. 9 Issued 16,000 shares of common stock for cash of $80,000 10 Declared a $13,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock 25 Paid the cash dividend Oct. 6: Isaved 800 shares of preferred stock for $150 per share Print Done Date Accounts and Explanation Debit Oct. 6 Choose from any list or enter any number in the input fields and then continue to the next question P222222

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