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er 3 Connect Assignment 7 DON Saved In January. Tongo, Incorporated, a branding consultant, had the following transactions. Indicate the accounts, amounts, and direction
er 3 Connect Assignment 7 DON Saved In January. Tongo, Incorporated, a branding consultant, had the following transactions. Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis. A sample is provided. a (Sample) Received $12,200 cash for consulting services rendered in January b issued common stock to investors for $16,000 cash c Purchased $14,400 of equipment, paying 25 percent in cash and owing the rest on a note due in two years. df Received $9,200 cash for consulting services to be performed in February e Bought and received $1.700 of supplies on account. Received utility bill for January for $1,520. due February 15. g. Consulted for customers in January for fees totaling $23,500, due in February h Received $13,700 cash for consulting services rendered in December Paid $850 toward supplies purchased in (el Required: Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis. A sample is provided (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) Assets Cash 12.200 D t e d h 4 N " " Stockholders' Equity Service Revenue 12.200
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