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

a.

Received $15,000 cash for consulting services rendered in January.

b.

Issued common stock to investors for $12,000 cash.

c.

Purchased $16,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.

d.

Received $8,300 cash for consulting services to be performed in February.

e.

Bought $1,230 of supplies on account.

f.

Received utility bill for January for $1,500, due February 15.

g.

Consulted for customers in January for fees totaling $23,300, due in February.

h.

Received $17,700 cash for consulting services rendered in December.

i.

Paid $615 toward supplies purchased in (e).

In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,000 cash for consulting services rendered in January b.Issued common stock to investors for $12,000 cash. c. Purchased $16,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,300 cash for consulting services to be performed in February e. Bought $1,230 of supplies on account. f. Received utility bill for January for $1,500, due February 15. g. Consulted for customers in January for fees totaling $23,300, due in February h. Received $17,700 cash for consulting services rendered in December 1. Paid $615 toward supplies purchased in (e). Credit Account Title Debit Cash $17,600 Accounts Receivable 11,000 Supplies 1,060 Equipment 9,500 Accounts Payable Unearned Revenue Note Payable Common Stock Retained Earnings Service Revenue Utilities Expense 0 $ 5.150 4.250 0 14,000 15,760 0 Enter the beginning account balances and post the effects to the appropriate T-accounts and determine ending account balances. Cash 17,600 Beg. Bal Account Receivable 11,000 Beg. Bal End. Bal 11,000 End. Bal 17,600 ces Supplies 1,060 Beg Bal Beg. Bal Equipment 9,500 End. Bal 1,060 End. Bal 9,500 Accounts Payable 5.150 Beg. Bal Beg. Bal Unearned Revenue 4.250 Required information End. Bal 5,150 End. Bal 4,250 Note Payable Common Stock 14,000 Beg. Bal Beg. Bal End. Bal 0 End. Bal 14,000 Service Revenue Retained Earnings 15,760 Beg. Bal Beg. Bal End. Bal 15,760 End, Bal 0 Utilities Expense Beg. Bal End. Bal