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In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $12,600 cash for consulting services rendered in January b. Issued common stock

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In January, Tongo, Inc., a branding consultant, had the following transactions. a. 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 2 years. d. Received $9,450 cash for consulting services to be performed in February e. Bought and received $1,070 of supplies on account f. Received utility bill for January for $1.370, 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). Post the effects to the appropriate T-accounts

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