Oct 25 put the canh dratend More info \begin{tabular}{ll} \hline Oct. 2 & Issued 23,000...
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Oct 25 put the canh dratend More info \begin{tabular}{ll} \hline Oct. 2 & Issued 23,000 shares of common stock for a building with a market value of $140,000. \\ Oct. 6 & Issued 900 shares of preferred stock for $70 per share. \\ Oct. 9 & Issued 15,000 shares of common stock for cash of $90,000. \\ Oct. 10 & \begin{tabular}{l} Declared a $17,000 cash dividend for stockholders of record on Oct. 20. Use a separate \\ Dividends Payable account for preferred and common stock. \end{tabular} \\ Oct. 25 & Paid the cash dividend. \end{tabular} Assume D - Mobile's net income for the month was $97,000. Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2024. Assume D-Mobile's net income for the month was $97,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)
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