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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 $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% 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.
f. 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.
i. Paid $500 toward supplies purchased in (e).
Required:
For each transaction, post the effects to the appropriate T-accounts.
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