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.)
|
Account Title
|
Debit
|
Credit
|
|
Cash
|
$12,300
|
|
|
Accounts Receivable
|
21,700
|
|
|
Supplies
|
1,090
|
|
|
Equipment
|
7.650
|
|
|
Accounts Payable
|
|
S 5,500
|
|
Unearned Revenue
|
|
2,800
|
|
Note Payable
|
|
0
|
|
Common Stock
|
|
17,000
|
|
Retained Earnings
|
|
17.440
|
|
Service Revenue
|
|
0
|
|
Utilities Expense
|
0
|
|
Enter the beginning account balances and post the effects to the appropriate Taccounts and determine ending account balances.
