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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 $15,500

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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 $15,500 cash for consulting services rendered in January b issued common stock to investors for $14,500 cash. c. Purchased $16.200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years d. Received $8.150 cash for consulting services to be performed in February e. Bought and received $1620 of supplies on account. Received utility bill for January for $1.450, due February 15. 9. Consulted for customers in January for fees totaling $16,700, due in February h. Received $20.200 cash for consulting services rendered in December 2. Paid $810 toward supplies purchased in (e). Required: For each transaction, post the effects to the appropriate T-accounts D January 1 19.900 January 1 19.600 January 31 19.900 January 31 19.600 January 1 1,550 January 1 6,100 January 31 1.550 January 31 6,100 Accounts Payable Debli Daternid Ravenue Credit 3.100 January 1 9,400 January 1 3.100 January 31 9.400 January 31 Notes Payable Credit Debit Common Stock Credit 16.500 Debit January 1 January 1 16.500 January 31 January 31 January 31 9,400 January 31 3,100 Nota Payable Debil common Stock Credit 16,500 January 1 January 1 January 31 January 31 16,500 Service Rovanie Dobi Retnined Earnings Credit 18,150 Dobit Credit January 1 January 1 0 January 31 18.150 January 31 Utilities Expense Debit Credit January 1 January 31

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