Required Information [The following Information applies to the questions displayed below.] In January. Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $16,600 cash for consulting services rendered in January. b. Issued common stock to Investors for $15,000 cash. c. Purchased $16,100 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $12,500 cash for consulting services to be performed in February. e. Bought and received $1,550 of supplies on account. f. Received utility bill for January for $1,960, due February 15. g. Consulted for customers in January for fees totaling $19,600, due In February. h. Received $14,300 cash for consulting services rendered in December. 1. Paid $775 toward supplies purchased in (e). Required: For each transaction, post the effects to the appropriate T-accounts. Cash Account Receivable Credit Debit Credit January 1 21,700 Debit January 1 12,300 January 31 12,300 January 31 21,700 Supplies Equipment Debit Credit Debit Credit January 1 1,090 January 1 7,650 January 31 1,090 January 31 7,650 Accounts Payable Deferred Revenue Debit Credit Debit Credit January 1 5,500 January 1 2,800 January 31 5,500 January 31 2,800 Notes Payable Common Stock Debit Credit Debit Credit January 1 January 1 17,000 January 31 0 January 31 Retained Earnings Debit Credit Debit 17,000 Service Revenue Credit