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 $13,200 cash for consulting services rendered in january.
b. issued common stock to investors for $8,000 cash.
c. purchased $11,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.
d. received $11,800 cash for consulting services to be performed in february.
e. bought $1,750 of supplies on account.
f. received utility bill for january for $2,060, due february 15.
g. consulted for customers in january for fees totaling $19,900, due in february.
h. received $13,300 cash for consulting services rendered in december.
i.
paid $875 toward supplies purchased in (e).
assets = liabilities + shareholder's equity
a) cash 13,200 service revenue 13,200
b)
c)
d)
e)
f)
g)
h)
i)