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 |
! Required information [The following information applies to the questions displayed below.) In January, Tongo, Inc.,...
! 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...
! 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 $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...
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...
In January, Tongo, Inc., a branding consultant, had the following transactions. Received $13,200 cash for consulting services rendered in January. Issued common stock to investors for $8,000 cash. Purchased $11,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. Received $11,800 cash for consulting services to be performed in February. Bought and received $1,750 of supplies on account. Received utility bill for January for $2,060, due February 15. Consulted for customers...
[The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. Received $13,200 cash for consulting services rendered in January. Issued common stock to investors for $8,000 cash. Purchased $11,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. Received $11,800 cash for consulting services to be performed in February. Bought and received $1,750 of supplies on account. Received utility bill for...
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 33333333333 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 $1230 of supplies...