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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. a. Received $12,600

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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. a. Received $12,600 cash for consulting services rendered in January b. Issued common stock to investors for $9,500 cash. c. Purchased $15,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $9,450 cash for consulting services to be performed in February e. Bought and received $1,070 of supplies on account. f. Received utility bill for January for $1,370, due February 15. g. Consulted for customers in January for fees totaling $25,300, due in February h. Received $20,900 cash for consulting services rendered in December i. Paid $535 toward supplies purchased in (e). Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31, TONGO, INC. Unadjusted Trial Balance Account Name Debit Credit Totals Cash Jan 1 Jan 1 Account Receivable 12.900 15,300 20,900 (h) (a) (b) (d) (9) 13,500 12,600 9,500 9,500 20,900 3,850 (C) 5250 Jan 31 61,625 Jan 31 7.300 Jan 1 Supplies 1,050 1,070 Jan 1 Equipment 9,850 3,850 11,550 25,250 c) Jan 31 2,120 Jan 31 Accounts Payable 8,550 535 1,070(e) Jan 1 (0) Jan 1 Deferred Revenue 3,650 25,300 9,450 (d) Jan 31 9,085 Jan 31 12,200 Notes Payable Common Stock Jan 1 Jan 1 11,550 (0) 11,500 9,500 6) Jan 31 11,550 Jan 31 21,000 Service Revenue Jan 1 Jan 1 100 Retained Earnings 13,600 1,370 12,600 (a) 25,300 (9) 12,600 (9) 25,300 g) Jan 31 50,130 Jan 31 37.900 Utilities Expense Jan 1 (1) 1,370 Jan 31 1.370

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