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In January, Tongo, Inc., a branding consultant, had the following transactions. Received $12,200 cash for consulting services rendered in January. Issued common stock to investors

In January, Tongo, Inc., a branding consultant, had the following transactions.

  1. Received $12,200 cash for consulting services rendered in January.
  2. Issued common stock to investors for $16,000 cash.
  3. Purchased $14,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.
  4. Received $9,200 cash for consulting services to be performed in February.
  5. Bought and received $1,700 of supplies on account.
  6. Received utility bill for January for $1,520, due February 15.
  7. Consulted for customers in January for fees totaling $23,500, due in February.
  8. Received $13,700 cash for consulting services rendered in December.
  9. Paid $850 toward supplies purchased in (e).

Prepare the journal entry for each of the above transactions.

The format that I need to submit it in is shown in the picture example.image text in transcribed

1 2 5 6 7 8 9 > Received $12,200 cash for consulting services rendered in January. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit a

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