Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information E3-18 and E3-19 Posting to T-Accounts and Creating an Unadjusted Trial Balance (LO 3-3, LO 3-4] (The following information applies to the questions

image text in transcribed
image text in transcribed
Required information E3-18 and E3-19 Posting to T-Accounts and Creating an Unadjusted Trial Balance (LO 3-3, LO 3-4] (The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $9,500 cash for consulting services rendered in January b. Issued common stock to investors for $10,000 cash c. Purchased $12,000 of equipment paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $7,500 cash for consulting services to be performed in February e. Bought and received $1,000 of supplies on account. Received utility bill for January for $1.250, due February 15, g. Consulted for customers in January for fees totaling $15.900, due in February h. Received $12,000 cash for consulting services rendered in December. Paid $500 toward supplies purchased in (e) E3-19 Creating an Unadjusted Trial Balance [LO 3-4] Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31 TONGO, INC. Unadjusted Trial Balance Account Name Debit Credit 17 ence

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Nursing Audit Self Regulation In Nursing Practice

Authors: Maria C Phaneuf

2nd Edition

0838570054, 978-0838570050

More Books

Students also viewed these Accounting questions

Question

Is conflict always unhealthy? Why or why not? (Objective 4)

Answered: 1 week ago