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  3. stock and 170,000 shares of 51 par value commen sl

stock and 170,000 shares of 51 par value commen slock. Duning the trst month, C-...

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Accounting

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stock and 170,000 shares of 51 par value commen slock. Duning the trst month, C- Wieless completed the folowing transactions: (1) (Click the icon to view the vansactions). Read the reguitements Requirement 1. Record the tramactions in the general joumal (Aecort dobits fink then caedas Setect the explanabon on the last ine of the joural eriby tuble) Oct 2: isseed 24,000 shares at cormon stock for a buiding weth a mathet valoe of 5110,000 . Oct. 2 Issued 24,000 shares of common stock for a building with a market value of $110,000. Oct. 6 Issued 650 shares of preferred stock for $90 per share. Oct. 9 Issued 14,000 shares of common stock for cash of $70,000. Oct. 10 Declared a $21,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Oct. 25 Paid the cash dividend. Assume C-Wireless's net income for the month was $96,000

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