{The following information applies to the questions displayed below.) In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $14,600 cash for consulting services rendered in January. b. Issued common stock to investors for $9,000 cash. c. Purchased $16,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 yea d. Received $11,500 cash for consulting services to be performed in February. e. Bought and received $1,360 of supplies on account, f. Received utility bill for January for $1,910, due February 15. g. Consulted for customers in January for fees totaling $22,900, due in February h. Received $12,200 cash for consulting services rendered in December Paid $680 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. Answer is complete but not entirely correct. Credit TONGO, INCORPORATED Unadjusted Trial Balance At January 31 Account Namo Debit Cash $ 42,520 Accounts Receivable 10,700 Equipment 16,400 Utilities Expense 1.910 Supplies 2,040 Common Stock Accounts Payable Utilities Expense Service Revenue Deferred Revenue Notes Payable (long-term) 9,000 1,360 1,910 37,500 11,500 12,300 Totals $ 73,570 $ 73,570 {The following information applies to the questions displayed below.) In January, Tongo, Incorporated, a branding consultant, had the following transactions. a. Received $14,600 cash for consulting services rendered in January. b. Issued common stock to investors for $9,000 cash. c. Purchased $16,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 yea d. Received $11,500 cash for consulting services to be performed in February. e. Bought and received $1,360 of supplies on account, f. Received utility bill for January for $1,910, due February 15. g. Consulted for customers in January for fees totaling $22,900, due in February h. Received $12,200 cash for consulting services rendered in December Paid $680 toward supplies purchased in (e). Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. Required: Prepare an unadjusted trial balance for Tongo, Incorporated for the month ended January 31. Answer is complete but not entirely correct. Credit TONGO, INCORPORATED Unadjusted Trial Balance At January 31 Account Namo Debit Cash $ 42,520 Accounts Receivable 10,700 Equipment 16,400 Utilities Expense 1.910 Supplies 2,040 Common Stock Accounts Payable Utilities Expense Service Revenue Deferred Revenue Notes Payable (long-term) 9,000 1,360 1,910 37,500 11,500 12,300 Totals $ 73,570 $ 73,570