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Requirement 2. Prepare a statement of stockholders' equity for
Central Wireless, Inc.
for the month ended
October
31,
2025.
begin{tabular}{|c|c|c|c|} hline Date & Accounts and Explanation & Debit & Credit  hline
Oct. 9 & CashCommonStock$4ParValuePaid-InCapitalinExcessofPar-
CommonIssuedcommonstockforcash. & 90,000 & 72,00018,000  hline Date & Accounts and
Explanation & Debit & Credit  hline Oct. 10 & CashDividendsDividendsPayable-
PreferredDividendsPayable-CommonDeclaredcashdividend. & 17,000 & 2,24014,760  hline
end{tabular}
Central Wireless, Inc. needed additional capital to expand, so the business incorporated. The
charter from the state of New Mexico authorizes Central Wireless, Inc. to issue 130,000 shares of
8%,$70 par value cumulative preferred stock and 210,000 shares of $4 par value common stock.
During the first month, Central Wireless, Inc. completed the following transactions: Assume
Central Wireless, Inc.'s net income for the month was $95,000.
Journal Entries
begin{tabular}{|c|c|c|c|} hline Date & Accounts and Explanation & Debit & Credit  hline
multirow[t]{4}{*}{ Oct. 25} & Dividends Payable_-Preferred & 2,240 &
multirow{4}{*}{17,000}  hline & Dividends Payable-Common & 14,760 &  hline & Cash
& &  hline & Paid cash dividend. & &  hline end{tabular}

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Requirement 2. Prepare a statement of stockholders equity forCent.pdf

  • 1. Requirement 2. Prepare a statement of stockholders' equity for Central Wireless, Inc. for the month ended October 31, 2025. begin{tabular}{|c|c|c|c|} hline Date & Accounts and Explanation & Debit & Credit hline Oct. 9 & CashCommonStock$4ParValuePaid-InCapitalinExcessofPar- CommonIssuedcommonstockforcash. & 90,000 & 72,00018,000 hline Date & Accounts and Explanation & Debit & Credit hline Oct. 10 & CashDividendsDividendsPayable- PreferredDividendsPayable-CommonDeclaredcashdividend. & 17,000 & 2,24014,760 hline end{tabular} Central Wireless, Inc. needed additional capital to expand, so the business incorporated. The charter from the state of New Mexico authorizes Central Wireless, Inc. to issue 130,000 shares of 8%,$70 par value cumulative preferred stock and 210,000 shares of $4 par value common stock. During the first month, Central Wireless, Inc. completed the following transactions: Assume Central Wireless, Inc.'s net income for the month was $95,000. Journal Entries begin{tabular}{|c|c|c|c|} hline Date & Accounts and Explanation & Debit & Credit hline multirow[t]{4}{*}{ Oct. 25} & Dividends Payable_-Preferred & 2,240 & multirow{4}{*}{17,000} hline & Dividends Payable-Common & 14,760 & hline & Cash & & hline & Paid cash dividend. & & hline end{tabular}