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Requirements Record the transactions in the general journal. 1. 2. Prepare the stockholders' equity section of C- Mobile's balance sheet at October 31, 2018. Assume C- Mobile's net income for the month was $90,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Print Done C- Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes C- Mobile to issue 120,000 shares of 9%, $50 par value cumulative preferred stock and 110,000 shares of $3 par value common stock. During the first month, C- Mobile completed the following transactions: A (Click the icon to view the transactions.) Read the requirements. Credit Date Accounts and Explanation Debit Oct. 2 Oct. 6: Issued 850 shares of preferred stock for $70 per share. Accounts and Explanation Credit Date Debit Oct. 6 Oct. 9: Issued 18,000 shares of common stock for cash of $90,000. Accounts and Explanation Credit Date Debit Choose from any list or enter any number in the input fields and then continue to the next question. Requirements Record the transactions in the general journal. 1. 2. Prepare the stockholders' equity section of C- Mobile's balance sheet at October 31, 2018. Assume C- Mobile's net income for the month was $90,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Print Done C- Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes C- Mobile to issue 120,000 shares of 9%, $50 par value cumulative preferred stock and 110,000 shares of $3 par value common stock. During the first month, C- Mobile completed the following transactions: A (Click the icon to view the transactions.) Read the requirements. Credit Date Accounts and Explanation Debit Oct. 2 Oct. 6: Issued 850 shares of preferred stock for $70 per share. Accounts and Explanation Credit Date Debit Oct. 6 Oct. 9: Issued 18,000 shares of common stock for cash of $90,000. Accounts and Explanation Credit Date Debit Choose from any list or enter any number in the input fields and then continue to the next

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