Question

! Required information [The following information applies to the questions displayed below.) In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,600 cash for consulting services rendered in January b. Issued common stock to investors for $13.000 cash. c. Purchased $16.700 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years d. Received $9,300 cash for consulting services to be performed in February e. Bought $1.580 of supplies on account f. Received utility bill for January for $1.990, due February 15. g. Consulted for customers in January for fees totaling $23.000, due in February h. Received $17.200 cash for consulting services rendered in December 1. Paid $790 toward supplies purchased in (e). Account Title Debit Credit Cash $18.900 Accounts Receivable 13.200 Supplies 1.580 Equipment 9,750 Accounts Payable $ 6,150 Unearned Revenue 3,400 Note Payable 0 Common Stock 15.000 Retained Earnings 18,880 0 Service Revenue ilities xpense 0 Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31, TONGO, INC Unadjusted Trial Balance Debit Credit Account Name Prev 33 10

Answer 1

TONGO INC

TRAL BALANCE AS AT JANUARY 31

ACCOUNT	DEBIT	CREDIT
Cash	50,135
Service revenue		38,600
Common stock		13,000
Equipment	16,700
Note payable		12,525
Unearned revenue		9,300
Supplies	1,580
Accounts payable		790
Utility expense	-
Accounts receivable	5,800
TOTAL	74,215	74,215