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In January, Tongo, Inc., a branding consultant had the following transactions. Indicate the accounts, amounts, and direction of the effects on the accounting equation under

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In January, Tongo, 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 is provided. (Enter any decreases to account balances with a minus sign.) a. (Sample) Received $12,600 cash for consulting services rendered in January b. Issued common stock to investors for $9,500 cash. c. Purchased $15,400 of equipment, paying 25 percent in cash and owing the rest on a note due in two years d. Received $9.450 cash for consulting services to be performed in February e. Bought and received $1,070 of supplies on account. Received utility bill for January for $1370. due February 15. g. Consulted for customers in January for fees totaling $25,300. due in February h. Received $20.900 cash for consulting services rendered in December 1. Paid $535 toward supplies purchased in (e) Assets Stockholders' Equity Service Revenue Cash 12.600 12,600

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