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In January, Tongo, Inc., a branding consultant, had the following transactions. Indicate the accounts, amounts, and direction of the effects on the accounting equation under

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In January, Tongo, Inc., a branding consultant, had the following transactions. Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis. A sample is provided. (Enter any decreases to account balances with a minus sign.) a. (Sample) 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 two years. d. Received $11,800 cash for consulting services to be performed in February. e. Bought and received $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. n. Received $13,300 cash for consulting services rendered in December. 1. Paid $875 toward supplies purchased in (e). Assets Liabilities Stockholders' Equity Cash 13,200 Service Revenue 13,200 b d e f g h

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