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Required information [The following information applies to the questions displayed below.] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $15,400
Required information [The following information applies to the questions displayed below.] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $15,400 cash for consulting services rendered in January. b. Issued common stock to investors for $13,500 cash. c. Purchased $13,300 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $10,550 cash for consulting services to be performed in February. e. Bought and received $1,660 of supplies on account. f. Received utility bill for January for $1,560, due February 15. g. Consulted for customers in January for fees totaling $23,400, due in February. h. Received $17,300 cash for consulting services rendered in December. i. Paid $830 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. TONGO, INCORPORATED Unadjusted Trial Balance At January 31 Account Name Debit Credit Cash Accounts Receivable Equipment Utilities Expense Supplies Common Stock Accounts Payable Service Revenue Notes Payable (long-term) Totals $ 0 $
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