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In January, Tongo, Inc., a branding consultant, had the following transactions. Received $15,400 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 $15,400 cash for consulting services rendered in January.
  2. Issued common stock to investors for $13,500 cash.
  3. Purchased $13,300 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.
  4. Received $10,550 cash for consulting services to be performed in February.
  5. Bought and received $1,660 of supplies on account.
  6. Received utility bill for January for $1,560, due February 15.
  7. Consulted for customers in January for fees totaling $23,400, due in February.
  8. Received $17,300 cash for consulting services rendered in December.
  9. Paid $830 toward supplies purchased in (e).

E3-19 Creating an Unadjusted Trial Balance [LO 3-4]

Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31.image text in transcribed

TONGO, INC. Unadjusted Trial Balance Account Name Debit Credit Totals $ 0 $ 0

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