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Required information (The following information applies to the questions displayed below.) In January, Tongo, Inc., a branding consultant, had the following transactions 16 a. Received

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Required information (The following information applies to the questions displayed below.) In January, Tongo, Inc., a branding consultant, had the following transactions 16 a. Received $12,200 cash for consulting services rendered in January b.Issued common stock to investors for $16,000 cash. c. Purchased $14,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years d. Received $9,200 cash for consulting services to be performed in February e. Bought and received $1,700 of supplies on account Received utility bill for January for $1,520, due February 15. 9. Consulted for customers in January for fees totaling $23,500. due in February h. Received $13,700 cash for consulting services rendered in December Paid $850 toward supplies purchased in (e) 35 Post the effects to the appropriate T-accounts. Cash 13,800 Account Receivable 13.400 Jan 1 Jan 1 IR Required information Jan 31 Jan 31 Supplies 820 Equipment 9,400 Jan 1 Jan 1 Jan 31 Jan 31 Accounts Payable 5,300 Deferred Revenue 3,800 Jan 1 Jan 1 Jan 31 Jan 31 Notes Payable Jan 1 Jan 1 Common Stock 18,000 Jan 31 Jan 31 Retained Earnings 10,320 Service Revenue Jan 1 Jan 1 Required information can I Jan : Notes Payable Common Stock 18,000 Jan 1 Jan 1 Jan 31 Jan 31 Service Revenue Retained Earnings 10,320 Jan 1 Jan 1 Jan 31 Jan 31 Utilities Expense Jan 1 Jan 31

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