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In January, Tongo, Incorporated, a branding consultant, had the following transactions. Indicate the accounts, arnounts, and direction of the effects on the accounting equation under

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In January, Tongo, Incorporated, a branding consultant, had the following transactions. Indicate the accounts, arnounts, and direction of the effects on the accounting equation under the accrual basis. A somple is provided a. (Sample) Received \$12,200 cash for consulting services rendered in Januory b lssued common stock to investors for $16,000 cash. c. Purchased $14,400 of equipment, paying 25 percent in cash and owing the rest on a note due in two years d. Recelved $9,200 cash for consulting sorvices to be performed in Fobruary e. Bought and received $1,700 of supplies on account. t Received utility bill for January for $1,520, due February 15 g. Consulted for customers in January for fees totaling $23.500, due in February. h. Recelved $13,700 cash for consulting services rendered in December. i. Paid $850 toward supplies purchased in (e) Required: Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis. A sample is provided. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.)

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