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Part II: Journal Entries @ 12 points total Mobile Corporation had the following transactions for the month of January. a. Issued 10,000 shares of no-par

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Part II: Journal Entries @ 12 points total Mobile Corporation had the following transactions for the month of January. a. Issued 10,000 shares of no-par common stock for $250,000. b. Signed an 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 become effective February 1. e. Paid $1,500 in office rent for the month of January. f. Paid wages of $5,000 to employees. g. Provided services on account for $80,000. h. Paid $50,000 to Birmingham Company on account. i. Received payment in full from customers. Record these transactions. If no entry is required, state "No Entry

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