Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information [The following information applies to the questions displayed below.] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $17,300
Required information [The following information applies to the questions displayed below.] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $17,300 cash for consulting services rendered in January b. Issued common stock to investors for $10,500 cash. c. Purchased $18,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $9,500 cash for consulting services to be performed in February. e. Bought and received $1,210 of supplies on account. f. Received utility bill for January for $2,130, due February 15. g. Consulted for customers in January for fees totaling $19,400, due in February. h. Received $18,200 cash for consulting services rendered in December. i. Paid $605 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 Account Name Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started