Outstand x MMcGraw-x ezto.mheducation.com/hm.tpx Bookmarks value: 0.42 points E3-16 Determining Accounting Equation Effects of Several Transactions [LO 3-2, LO 3-3] 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 $17,300 cash for consulting services rendered in January. b. Issued common stock to investors for $10,500 cash. c. Purchased $18,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $9,500 cash for consulting services to be performed in February, e. Bought $1,210 of supplies on account. Cash b. Cash f. Received utility bill for January for $2,130, due February 15, g. Consulted for customers in January for fees totaling $19,400, due in February. h. Received $18,200 cash for consulting services rendered in December. 1. Paid $605 toward supplies purchased in (e). AU c Equipment Cash d. Cash - POPP ACC 2013 x MLearnsmar x Supplies h. Cash Assets Accounts Receivable Cash 12 17,300 80A MMcGraw-x Liabilities Notes Payable (long-term) 13,800 Unearned Revenue Accounts Payable Accounts Payable GOD Check Yox 9,500 1,210 2,130 (606) Stockholders' Equity Service Revenue Common Stock Minerals Uites Expense Service Revenue 17,300 10,500 (2.130) 19.400