Castle Consulting Agency began business in February. The transactions entered into by Castle during its first month of operations are as follows:

a. Acquired articles of incorporation from the state and issued 10,000 shares of capital stock in exchange for $150,000 in cash.
b. Paid monthly rent of $400.
c. Signed a five-year promissory note for $100,000 at the bank.
d. Purchased software to be used on future jobs. The software costs $950 and is expected to be used on five to eight jobs over the next two years.
e. Billed customers $12,500 for work performed during the month.
f. Paid office personnel $3,000 for the month of February.
g. Received a utility bill of $100. The total amount is due in 30 days.

Required
Prepare in journal form, the entry to record each transaction.