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Requlred: For esch trenssction, post the effects to the sppropriate T-eccounts. Required information [The following information applies to the questions displayed below.] In January, Tongo,
Requlred: For esch trenssction, post the effects to the sppropriate T-eccounts. Required information [The following information applies to the questions displayed below.] In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $15,000 cash for consulting services rendered in January. b. Issued common stock to investors for $12,000 cash. c. Purchased $16,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,300 cash for consulting services to be performed in February. e. Bought and received $1,230 of supplies on account. f. Received utility bill for January for $1,500, due February 15 . g. Consulted for customers in January for fees totaling $23,300, due in February. h. Received $17,700 cash for consulting services rendered in December. i. Paid $615 toward supplies purchased in (e)
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