In January, Tongo, Inc., a branding consultant, had the following transactions. Enter the beginning account balances and post the effects to the appropriate T-accounts and determine ending account balances.

[The following information applies to the questions displayed below. In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $13,200 cash for consulting services rendered in January b. Issued common stock to investors for $8,000 cash. c. Purchased $11,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $11,800 cash for consulting services to be performed in February e. Bought $1,750 of supplies on account. f. Received utility bill for January for $2,060, due February 15. g. Consulted for customers in January for fees totaling $19,900, due in February h. Recelved $13,300 cash for consulting services rendered in December. i. Paid $875 toward supplies purchased in (e). Credit Account Title Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue Note Payable Common Stock Retained Earnings Service Revenue Utilities Expense Debit $14,200 17,200 1,260 4,800 6,100 3,250 0 10,000 18,110 0