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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 a note due in 2 years. d. Received $9,300 cash for consulting services to be performed in February. e. Bought and received $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 i. Paid $790 toward supplies purchased in (e). Post the effects to the appropriate T-accounts. ash Account Receivable Jan 1 a) Jan 1 g) 18,900 15,600 4,175 (c) 13,000 9,300 17,200 13,200 23,000 17,200 (h) Jan 31 Jan 31 19,000 Supplies 1,580 1,580 quipment Jan 1 c) 9,750 16,700 Jan 1 Jan 31 Jan 31 ccounts Payable 6.150 Deferred Revenue Jan 1 3,400 9,300 (d) Jan 1 790 1,580 (e) 1,9907(f Jan 31 8.930 Jan 31 12,700 Notes Payable Common Stock Jan 1 Jan 1 15,000 13,000 (b) 12,525(c) Jan 31 Jan 31 Retai Service Revenue arnings 18,880 Jan 1 Jan 1 Jan 31 18,880 Jan 31 38.600 tilities Expense Jan 1 Jan 31 1,990

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