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In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $15,000 cash for consulting services rendered in January. b. Issued common
In January, Tongo, Incorporated, 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 and received $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). Required: Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, s Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Received $15,000 cash for consulting services rendered in January. Record the transaction. Note: Enter debits before credits Transaction a General Journal Debit Credit Record entry Clear entry View general journal
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