Mobile Corporation had the following transactions for the month of January.Record these transactions along with explanations.If no entry is required,state "No Entry."
a.Issued 10,000 shares of no-par common stock for $250,000.
b.Signed a agreement with CompuSource to deliver three new computers costing a total of $6,000 in 10 days.
c.Purchased office furniture for $70,000 from Birmingham Company.
d.Purchased a two-year insurance policy for $3,600.This policy will become effective February 1.
e.Paid $1,500 in office rent for the month of January.
f.Accepted delivery of the new computers and paid cash.
g.Paid wages of $5,000 to employees.
h.Provided services on account for $80,000.
i.Paid $50,000 to Birmingham Company on account.
j.Received payment in full from customers.
k.Paid an electricity bill for $325.

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The Answer of Mobile Corporation had the following transactions for the month of January.Record these transactions along with explanations.If no entry is required,state "No Entry."
a.Issued 10,000 shares of no-par common stock for $250,000.
b.Signed a agreement with CompuSource to deliver three new computers costing a total of $6,000 in 10 days.
c.Purchased office furniture for $70,000 from Birmingham Company.
d.Purchased a two-year insurance policy for $3,600.This policy will become effective February 1.
e.Paid $1,500 in office rent for the month of January.
f.Accepted delivery of the new computers and paid cash.
g.Paid wages of $5,000 to employees.
h.Provided services on account for $80,000.
i.Paid $50,000 to Birmingham Company on account.
j.Received payment in full from customers.
k.Paid an electricity bill for $325.

Mobile Corporation Had the Following Transactions for the Month of January.Record