Determine ending account balances

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Reference no: EM131808866

The following information applies to the questions displayed belowj In January, Tongo, Inc., a branding consultant, had the following transactions

a. Received $16.600 cash for consulting services rendered in January. on stock to investors for $15.000 cash.

b. Issued comm

c. Purchased $16.100 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.

d. Received $12,500 cash for consulting services to be performed in February.

e. Bought $1,550 of supplies on account.

f Received utility bill for January for $1.960, due February 15.

g. Consulted for customers in January for fees totaling $19.600, due in February

h. Received $14,300 cash for consulting services rendered in December.

i. Paid $775 toward supplies purchased in (e.)

Account Title	Debit	Credit
Cash	$12,300
Accounts Receivable	21,700
Supplies	1,090
Equipment	7.650
Accounts Payable		S 5,500
Unearned Revenue		2,800
Note Payable		0
Common Stock		17,000
Retained Earnings		17.440
Service Revenue		0
Utilities Expense	0

Enter the beginning account balances and post the effects to the appropriate Taccounts and determine ending account balances.

Reference no: EM131808866

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