Question
! Required information [The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. a.
! Required information [The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $19,200 cash for consulting services rendered in January. b. Issued common stock to investors for $11,000 cash. c. Purchased $21,900 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $9,350 cash for consulting services to be performed in February. e. Bought $1,090 of supplies on account. f. Received utility bill for January for $1,950, due February 15. g. Consulted for customers in January for fees totaling $18,600, due in February. h. Received $18,100 cash for consulting services rendered in December. i. Paid $545 toward supplies purchased in (e). Account Title Cash Debit Credit $10,900 Accounts Receivable 13,100 Supplies 1,320 Equipment 5,600 Accounts Payable $ 9,450 Unearned Revenue 4,200 Note Payable 0 Common Stock 13,000 Retained Earnings 4,270 Service Revenue 0 Utilities Expense 0 Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31. TONGO, INC. Unadjusted Trial Balance Account Name Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Utilities Expense Totals Debit Credit 0 $ 0
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