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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 $10,600

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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 $10,600 cash for consulting services rendered in January b. Issued common stock to investors for $15,500 cash. c. Purchased $17.600 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years, d Received $7,750 cash for consulting services to be performed in February e Bought and received $1,100 of supplies on account Received utility bill for January for $2,070, due February 15, 9. Consulted for customers in January for fees totaling $16,500, due in February h. Received $13,500 cash for consulting services rendered in December 1. Pald $550 toward supplies purchased in te Required: For each transaction, post the effects to the appropriate T-accounts Cash Debit Credit Dobit Account Receivable Credit 13.700 January 1 15,600 January 1 Supplies Equipment Debit Credit Credit Debit January 1 1,670 January 1 5,400 January 31 1,670 January 31 5,400 Accounts Payable Deferred Revenue Debit Credit Debit Credit January 1 6,000 January 1 3,200 January 31 6,000 January 31 3,200 Notes Payable Common Stock Debit Credit Debit Credit January 1 January 1 17,500 January 31 0 January 31 17,500 Required information 17,500 0 January 31 January 31 Service Revenue Retained Earnings Credit Credit Debit Debit 5,670 January 1 January 1 0 5,670 January 31 January 31 Utilities Expense Debit Credit January 1 0 January 31 Saved n. Received $13,500 cash for consulting services rendered in December 1. Paid $550 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 For the Month Ended January 31 Account Namo Debit Credit $ 0 $ 0 Totals BRE

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