Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Recelved $14,200

image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Recelved $14,200 cash for consulting services rendered in January. b. Issued common stock to investors for $12,500cash. c Purchased $16,900 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,600 cash for consulting services to be performed in February. e. Bought and received $1,950 of supplies on account f. Received utility bill for January for $1,440, due February 15 g Consulted for customers in January for fees totaling $19.200, due in February. h. Recelved $13,800 cash for consulting services rendered in December. L. Paid $975 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. e. Bought and recelved $1,950 of supplies on account. 1. Received utility bill for January for $1,440, due February 15 g. Consulted for customers in January for fees totaling $19,200, due in February. h. Received $13,800 cash for consulting services rendered in December. 1. Paid $975 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. Required information [The following information applies to the questions displayed below] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Recelved $14,200 cash for consulting services rendered in January. b. Issued common stock to investors for $12,500cash. c Purchased $16,900 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,600 cash for consulting services to be performed in February. e. Bought and received $1,950 of supplies on account f. Received utility bill for January for $1,440, due February 15 g Consulted for customers in January for fees totaling $19.200, due in February. h. Recelved $13,800 cash for consulting services rendered in December. L. Paid $975 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. e. Bought and recelved $1,950 of supplies on account. 1. Received utility bill for January for $1,440, due February 15 g. Consulted for customers in January for fees totaling $19,200, due in February. h. Received $13,800 cash for consulting services rendered in December. 1. Paid $975 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Company Audit In A Budget Internal Audit For Financial Managers

Authors: Pramod Kesav N

1st Edition

B09QXF42M2

More Books

Students also viewed these Accounting questions