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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
Required information [The following information applies to the questions displayed below] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $19,200 cash for consulting services rendered in January. b. Issued common stock to investors for $11,000 cash. c. Purchased $21,900 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $9,350 cash for consulting services to be performed in February. e. Bought and received $1,090 of supplies on account. f Received utility bill for January for $1,950, due February 15. g. Consulted for customers in January for fees totaling $18,600, due in February. h. Received $18,100 cash for consulting services rendered in December. Paid $545 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongd, Incorporated for the month ended January 31. TONGO, INCORPORATED Unadjusted Trial Balance At January 31 Account Name Debit Credit Cash Accounts Receivable Supplies Equipment Deferred Revenue Accounts Payable Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Utilities Expense Totals + $ 0 $ 0
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