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In January, Tongo, Incorporated, a branding consultant, had the following transactions a. Received $15,500 cash for consulting services rendered in January b. Issued common stock
In January, Tongo, Incorporated, a branding consultant, had the following transactions a. Received $15,500 cash for consulting services rendered in January b. Issued common stock to investors for $14.500 cash. c. Purchased $16,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years d. Received $8,150 cash for consulting services to be performed in February e Bought and received $1.620 of supplies on account Received utility bill for January for $1.450, due February 15. 9. Consulted for customers in January for fees totaling $16,700, due in February 1. Received $20.200 cash for consulting services rendered in December 1. Pald $810 toward supplies purchased in (e) Required: Prepare an unadjusted trial balance for Tongo. Incorporated for the month ended January 31 Answer is complete but not entirely correct. TONGO, INCORPORATED Unadjusted Trial Balance At January 31 Account Name Debit Credit Cash $ 15,500 Accounts Receivable 13,500) Equipment 16.2003 Uutis Expense 1.450 Supplies 1,6203 Common Stock (14,500) Accounts Receivable 3 810 ma
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