Cash | |||
Opening Balance | $ 17,600.00 | ©Equipment | $ 4,000.00 |
(a)Service Revenue | $ 15,000.00 | (i)Accounts Payable | $ 615.00 |
(b)Common Stock | $ 12,000.00 | ||
(d)Unearned Revenue | $ 8,300.00 | ||
(h)Accounts Receivable | $ 17,700.00 | Closing Balance | $ 65,985.00 |
$ 70,600.00 | $ 70,600.00 | ||
Accounts Receivable | |||
Opening Balance | $ 11,000.00 | (h)Cash | $ 17,700.00 |
(g)Service Revenue | $ 23,300.00 | Closing Balance | $ 16,600.00 |
$ 34,300.00 | 34300 | ||
Supplies | |||
Opening Balance | $ 1,060.00 | ||
(e)Accounts Payable | $ 1,230.00 | Closing Balance | $ 2,290.00 |
$ 2,290.00 | $ 2,290.00 | ||
Equipment | |||
Opening Balance | $ 9,500.00 | ||
©-Cash | $ 4,000.00 | ||
©Notes Payable | $ 12,000.00 | Closing Balance | $ 25,500.00 |
$ 25,500.00 | $ 25,500.00 | ||
Accounts Payable | |||
(i)Cash | $ 615.00 | Opening Balance | $ 5,150.00 |
(e)Supplies | $ 1,230.00 | ||
Closing Balance | $ 7,265.00 | (f)Utilities expenses | $ 1,500.00 |
$ 7,880.00 | $ 7,880.00 | ||
Notes Payable | |||
Opening Balance | $ - | ||
Closing Balance | $ 12,000.00 | ©Equipment | $ 12,000.00 |
$ 12,000.00 | $ 12,000.00 | ||
Unearned Revenue | |||
Opening Balance | $ 4,250.00 | ||
Closing Balance | $ 12,550.00 | (d)Cash | $ 8,300.00 |
$ 12,550.00 | $ 12,550.00 | ||
Common Stock | |||
Opening Balance | $ 14,000.00 | ||
Closing Balance | $ 26,000.00 | (b)-Cash | $ 12,000.00 |
$ 26,000.00 | $ 26,000.00 | ||
Service Revenue | |||
Opening Balance | $ - | ||
(a)-Cash | $ 15,000.00 | ||
Closing Balance | $ 38,300.00 | (g)Accounts Receivable | $ 23,300.00 |
$ 38,300.00 | $ 38,300.00 | ||
Utilities expense | |||
Opening Balance | $ - | ||
(f)Accounts Payable | $ 1,500.00 | Closing Balance | $ 1,500.00 |
$ 1,500.00 | $ 1,500.00 | ||
Required information (The following information applies to the questions displayed below.) In January, Tongo, Inc., a...
In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,000 cash for consulting services rendered in January. b. Issued common stock to investors for $12,000 cash. c. Purchased $16,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,300 cash for consulting services to be performed in February. e. Bought $1,230 of supplies on account. f. Received utility bill for January for $1,500, due February...
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...
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...
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...
! 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...
! 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...
Required information [The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. Received $9,500 cash for consulting services rendered in January. Issued common stock to investors for $10,000 cash. Purchased $12,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. Received $7,500 cash for consulting services to be performed in February. Bought and received $1,000 of supplies on account. Received utility...
Required information [The following information applies to the questions displayed below.) In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $16,600 cash for consulting services rendered in January. b. Issued common stock to investors for $15,000 cash. 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 and received $1,550 of...
Required information [The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $9,500 cash for consulting services rendered in January. b. Issued common stock to investors for $10,000 cash. c. Purchased $12,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $7,500 cash for consulting services to be performed in February. e. Bought and received $1,000 of...
Required information [The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $16,600 cash for consulting services rendered in January. b. Issued common stock to investors for $15,000 cash. 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 and received $1,550 of...