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[The following information applies to the questions displayed below.) In January, Tongo, Inc., a branding consultant; had the following transactions. a. Received $15,000 cash for

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[The following information applies to the questions displayed below.) In January, Tongo, Inc., 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 $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 1. Paid $615 toward supplies purchased in (e). Credit Debit $17,600 11,000 1,060 9,500 Account Title Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue Note Payable Common Stock Retained Earnings Service Revenue Utilities Expense $ 5,150 4,250 0 14,000 15,760 0 Enter the beginning account balances and post the effects to the appropriate T-accounts and determine ending account balances. Cash Account Receivable 11,000 Beg. Bal 17,600 Beg. Bal End. Bal 11,000 End. Bal 17,600 Supplies 1,060 Equipment 9,500 Beg. Bal Beg. Bal End. Bal 1,060 End. Bal 9,500 Accounts Payable 5,150 Unearned Revenuo 4,250 Beg. Bal Beg. Bal 5,150 End. Bal 4,250 End. Bal Note Payable Common Stock Beg. Bal 14.000 Beg. Bal 14,000 End. Bal End. Bal 0 End. Bai End. Bal 14,000 Service Revenue Retained Earnings 15,760 Beg. Bal Beg Bal 15.760 0 End, Bal End. Bal Utilities Expenso Beg. Bal End. Bal 0 Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31. TONGO, INC. Unadjusted Trial Balance Account Name Debit Credit Totals $ $ 0 $ 0

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