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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 $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 $ 68.595 Equipment Supplies 2.910 Accounts Receivable Utilities Expense Service Revenue Common Stock Notes Payable (long-term) Accounts Payable Deferred Revenue. Retained Earnings Totals 71.505 $ 0
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