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 $12,200 cash for consulting services rendered in January b. Issued common stock to investors for $16,000 cash. c. Purchased $14,400 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years d. Received $9,200 cash for consulting services to be performed in February. e. Bought $1,700 of supplies on account. f. Received utility bill for January for $1,520, due February 15. g. Consulted for customers in January for fees totaling $23,500, due in February h. Received $13,700 cash for consulting services rendered in December i. Paid $850 toward supplies purchased in (e). Account Title Debit Credit Cash $13,800 Accounts Receivable 13,400 Supplies 820 Equipment 9,400 Accounts Payable $ 5,300 Unearned Revenue 3,800 Note Payable 0 Common Stock 18,000 Retained Earnings 10,320 Service Revenue 0 Utilities Expense 0

Answer 1

Unadjusted Trial balance

Account Name	Debit	Credit
Cash	60450
Account receivable	23200
Supplies	2520
Equipment	23800
Account payable		7670
Unearned revenue		13000
Notes payable		10800
Common Stock		34000
Retained earnings		10320
Service revenue		35700
Utilities expense	1520
Total	111490	111490