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Required information [ The following information applies to the questions displayed below. ] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a
Required information
The following information applies to the questions displayed below.
In January, Tongo, Incorporated, a branding consultant, had the following transactions.
a Received $ cash for consulting services rendered in January.
b Issued common stock to investors for $ cash.
c Purchased $ of equipment, paying in cash and owing the rest on a note due in years.
d Received $ cash for consulting services to be performed in February.
e Bought and received $ of supplies on account.
f Received utility bill for January for $ due February
g Consulted for customers in January for fees totaling $ due in February.
h Received $ cash for consulting services rendered in December.
i Paid $ toward supplies purchased in e
Required:
For each transaction, post the effects to the appropriate Taccounts.
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