In January, Tongo Inc. had the following transactions. a. Received $9,500 cash for consulting services rendered in January. b. Issued shares to investors for $10,000 cash. c. Purchased $12,000 of equipment, paying 25 percent in cash and owing the rest on a note due in two years. d. Received $7,500 cash for consulting services to be performed in February. e. Bought $1,000 of supplies on account. f. Received utility bill for January for $1,250, due February 15. g. Consulted for customers in January for fees totalling $15,900, due in February. h. Received $12,000 cash for consulting services rendered in December. i. Paid $500 toward supplies purchased in (e) Required: 1. For each of the above transactions, post the effects to the appropriate T-accounts and determine ending account balances. Beginning account balances have been given. Cash Accounts Receivable 1/1 1/1 12,500 10,000 9,500 a. 12,500 19,500 Sunnlies Fauinment 19,500 Supplies 800 Equipment 5,000 1/1 1/1 800 5,000 Deferred Revenue Accounts Payable 5,000 1/1 1/1 2,500 2,500 5,000 Notes Payable Contributed Capital 12,000 1/1 0 1/1 12,000 Service Revenues Retained Earnings 8,800 1/1 1/1 0 9500 a 8,800 Utilities Expense 1/1 0 2. Based on the transactions posted to T-accounts, create an unadjusted trial balance for Tongo Inc. for the month ended January 31. TONGO, INC. Unadjusted Trial Balance At January 31 Debit Account Titles Credit Cash Accounts receivable Supplies Equipment Accounts payable Deferred revenue Note payable Contributed capital 2. Based on the transactions posted to T-accounts, create an unadjusted trial balance for Tongo Inc. for the month ended January 31. Credit TONGO, INC. Unadjusted Trial Balance At January 31 Account Titles Debit Cash Accounts receivable Supplies Equipment Accounts payable Deferred revenue Note payable Contributed capital Retained earnings Service revenues Utilities expense Totals