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

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n January. Tongo, Incorporated, a branding consultant, had the following transactions: Indicate the accounts, ampunts, and direction of: the effects on the accounting equation under the accrual basis. A sample is provided. a. (Sample) Recelved $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 test on a note due in two 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 q. Consuited for customers in January for fees totaling $20,500, due in February. Th. Receved $17,600 cash for consulting services rendered in December Paid $925 toward supplies purchosed in (e) Required: indicate the accounts, amounts, and direction of the effects on the accounting eqwason under the accual basis A sample a. grovided (Enter ony decreoses to Assets. Wlabilities, ond Stockholder's Equity with o minus sign)

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