In January, Mongo Inc., 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) Received $9,500 cash for consulting services rendered in January b) Issued common stock to investors for $10,000 cash. c) Purchased $12,000 of equipment, paying 25 percent in cash and owing the rest on a note due in two years. d) Received $7,500 cash for consulting services to be performed in February e) Bought and received $1,000 of supplies on account f) Received utility bill for January for $1,250 due February 15. 8) Consulted for customers in January for fees totaling $15,900, due in February h) Received $12,000 cash for consulting services rendered in December. 1) Paid $500 toward supplies purchased in (e). 3. Posting to T-Accounts: For each of the transactions, post the effects to the appropriate T- accounts and determine ending account balances. Beginning account balances have been given. Assets Liabilites Equity Cr Dr. Accounts Payble (L) Dr. Cro Jan 1 Common Stock (SE) Cash (A) 10,000 9,500 Jan 1 (a) Jan 1 3.000 c) Jan 31 Jan 31 Dr Retained Earnings (SE) Jan 31 Dr. Deferred Revenue Jan 1 Cro Jan 1 Dro Accounts Receivable (A) Cr 8.000 Jan 31 Jan 31 Jan 1 10) Jan 31 th Dr. Service Revenue (RSE) 0 Cre Jan 1 Dr Note Payable (0) Cr+ Jan 1 Dr. Jan 1 Supplies (A) Cr 9,000 Jan 31 Jan 31 Jan 31 1.800 Dr- Jan 1 Utilities Expense E SE 0 Cro Equipment (A) Dr. Jan 1 Jan 31 Jan 31 4. Creating and Unadjusted Trial Balance: Based on the transactions posted to T-accounts, create an unadjusted trial balance for Mongo, Inc., for the month ended January 31. Distinguish the balance sheet and income statement accounts. Mongo Inc. Unadjusted Trial Balance At January 31 Debit $45,500 Credit Cash Balance Sheet accounts Note Payable (long-term) 9,000 8,800 Income Statement accounts Service Revenue Utilities Expense Totals