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The following information applies to the questions displayed belowj In January, Tongo, Inc., a branding consultant, had the following transactions a. Received $16.600 cash for
The following information applies to the questions displayed belowj In January, Tongo, Inc., a branding consultant, had the following transactions a. Received $16.600 cash for consulting services rendered in January. on stock to investors for $15.000 cash. b. Issued comm c. Purchased $16.100 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $12,500 cash for consulting services to be performed in February. e. Bought $1,550 of supplies on account. f Received utility bill for January for $1.960, due February 15. g. Consulted for customers in January for fees totaling $19.600, due in February h. Received $14,300 cash for consulting services rendered in December. i. Paid $775 toward supplies purchased in (e. Credit Account Title Debit $12,300 Cash 21700 Accounts Receivable 1.090 Supplies Equipment 7650 5,500 Accounts Payable 2,800 Unearned Revenue Note Payable Comm on Stock 000 17.440 Retained Earnings Service Revenue Utilities Expense 10.00 points Enter the beginning account balances and post the effects to the appropriate Taccounts and determine ending account balances
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