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In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $17,300 cash for consulting services rendered in January. b. Issued common

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In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. 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 and received $1,210 of supplies on account. 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).

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