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Business, 18.02.2020 23:18 cvrechek

In January, Tongo, Inc., a branding consultant, had the following transactions. Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis. A sample is provided. (Enter any decreases to account balances with a minus sign.)a. (Sample) Received $14,200 cash for consulting services rendered in January. b. Issued common stock to investors for $12,500 cash. c. Purchased $16,900 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,600 cash for consulting services to be performed in February. e. Bought $1,950 of supplies on account. f. Received utility bill for January for $1,440, due February 15.g. Consulted for customers in January for fees totaling $19,200, due in February. h. Received $13,800 cash for consulting services rendered in December. i. Paid $975 toward supplies purchased in (e).

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In January, Tongo, Inc., a branding consultant, had the following transactions. Indicate the account...
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