Required information [The following information applies to the questions displayed below.) In January, Tongo, Inc.,...
60.1K
Verified Solution
Question
Accounting
Required information [The following information applies to the questions displayed below.) In January, Tongo, Inc., 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 years. d. Received $11,500 cash for consulting services to be performed in February e. Bought $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 i. Paid $680 toward supplies purchased in (e). Account Title Debit Credit Cash $15,000 Accounts Receivable 11,500 Supplies 880 Equipment 8,700 Accounts Payable $ 7,350 Unearned Revenue 2,650 Note Payable Common Stock 11,000 Retained Earnings 15,080 Service Revenue Utilities Expense ces 0 o Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31. TONGO, INC

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.