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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 $12,200

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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 $12,200 cash for consulting services rendered in January. b. Issued common stock to investors for $16,000 cash. c. Purchased $14,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $9,200 cash for consulting services to be performed in February. e. Bought $1,700 of supplies on account. f. Received utility bill for January for $1,520, due February 15. g. Consulted for customers in January for fees totaling $23,500, due in February. h. Received $13,700 cash for consulting services rendered in December. i. Paid $850 toward supplies purchased in (e). Credit Account Title Debit Cash $13,800 Accounts Receivable 13,400 Supplies 820 Equipment 9,400 Accounts Payable Unearned Revenue Note Payable Common Stock Retained Earnings Service Revenue Utilities Expense 0 $ 5,300 3,800 0 18,000 10,320 0 Enter th beginning account balances and post the effects to the appropriate T-accounts and determine ending account balances. Enter the beginning account balances and post the effects to the appropriate T-accounts and determine ending account balances. Cash 13,800 Account Recelvable 13.400 Beg. Bal Beg Bal End. Bal 13.400 End. Bal 13,800 Supplies 820 Equipment 9,400 Beg. Bal Beg. Bal 820 End. Bal 9,400 End. Bal Accounts Payable 5,300 Unearned Revenue 3,800 Beg Bal Beg. Bal ncos 5,300 End. Bal 3.800 End. Bal Note Payable Common Stock 18,000 Beg. Bal Beg. Bal 18,000 End. Bal End. Bal Service Revenue Retained Earnings 10,320 Beg. Bal Beg. Bal 0 End. Bal 10,320 End, Bal Utilities Expense Beg. Bal End. Bal

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