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Required information (The following information applies to the questions displayed below) In January, Tongo, Inc., a branding consultant, had the following transactions, a. Received $15,600

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Required information (The following information applies to the questions displayed below) In January, Tongo, Inc., a branding consultant, had the following transactions, a. Received $15,600 cash for consulting services rendered in January b. Issued common stock to investors for $13,000 cash. c. Purchased $16,700 of equipment, paying 25 percent in cash and owing the rest on note due in 2 years. d. Received $9,300 cash for consulting services to be performed in February e. Bought $1,580 of supplies on account. f. Received utility bill for January for $1,990, due February 15. g. Consulted for customers in January for fees totaling $23,000, due in February h. Received $17.200 cash for consulting services rendered in December Paid $790 toward supplies purchased in (e). Credit Account Title Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue Note Payable Common Stock Debit $18.900 13,200 1,580 9.750 $ 6.150 3.400 15.000 Required information 15,6001 9,300 17,200 End. Bal 61.000 Equipment Book Beg Bal Beg Bal 9.750 Hi Supplies 1,580 1,580 790 3,950 16,700 Po End Bal VAN End Bal 26,450 econces Accounts Payable 6,150 Unearne Revenue 3,400 Beg Bal Beg Bal End Bal 3.400 End. Bal

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