In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $18,600 cash for consulting services rendered in January. b. Issued common stock to investors for $8,500 cash. c. Purchased $17.500 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $11,300 cash for consulting services to be performed in February. e. Bought and received $1,850 of supplies on account. f. Received utility bill for January for $1,870, due February 15. g. Consulted for customers in January for fees totaling $20,500, due in February. h. Received $17,600 cash for consulting services rendered in December. 1. Paid $925 toward supplies purchased in (e). TONGO, INCORPORATED Unadjusted Trial Balance At January 31 Account Name Debit Credit Cash 50,700 Accounts Receivable 2,900 X Supplies 1,850X Equipment 17,500 x Common Stock 8,500x Notes Payable (long-term) 13,125 Deferred Revenue 11,300x Accounts Payable 1,850x Utilities Expense Service Revenue 1,870 39,100 Totals $ 41,020 $ 107,675