Cash |
|||
Opening Balance |
$ 10000.00 |
©Equipment |
$ 3000.00 |
(a)Service Revenue |
$ 9500.00 |
(i)Accounts Payable |
$ 500.00 |
(b)Common Stock |
$ 10000.00 |
||
(d)Unearned Revenue |
$ 7500.00 |
||
(h)Accounts Receivable |
$ 12000.00 |
Closing Balance |
$ 45500.00 |
$ 49000.00 |
$ 49000.00 |
||
Accounts Receivable |
|||
Opening Balance |
$ 12500.00 |
(h)Cash |
$ 12000.00 |
(g)Service Revenue |
$ 15900.00 |
Closing Balance |
$ 16400.00 |
$ 28400.00 |
28400 |
||
Supplies |
|||
Opening Balance |
$ 800.00 |
||
(e)Accounts Payable |
$ 1000.00 |
Closing Balance |
$ 1800.00 |
$ 1800.00 |
$ 1800.00 |
||
Equipment |
|||
Opening Balance |
$ 5000.00 |
||
©-Cash |
$ 3000.00 |
||
©Notes Payable |
$ 9000.00 |
Closing Balance |
$ 17000.00 |
$ 17000.00 |
$ 17000.00 |
||
Accounts Payable |
|||
(i)Cash |
$ 500.00 |
Opening Balance |
$ 5000.00 |
(e)Supplies |
$ 1000.00 |
||
Closing Balance |
$ 6750.00 |
(f)Utilities expenses |
$ 1250.00 |
$ 7250.00 |
$ 7250.00 |
||
Notes Payable |
|||
Opening Balance |
$ - |
||
Closing Balance |
$ 9000.00 |
©Equipment |
$ 9000.00 |
$ 9000.00 |
$ 9000.00 |
||
Deferred Revenue |
|||
Opening Balance |
$ 2500.00 |
||
Closing Balance |
$ 10000.00 |
(d)Cash |
$ 7500.00 |
$ 10000.00 |
$ 10000.00 |
||
Common Stock |
|||
Opening Balance |
$ 12000.00 |
||
Closing Balance |
$ 22000.00 |
(b)-Cash |
$ 10000.00 |
$ 22000.00 |
$ 22000.00 |
||
Service Revenue |
|||
Opening Balance |
$ - |
||
(a)-Cash |
$ 9500.00 |
||
Closing Balance |
$ 25400.00 |
(g)Accounts Receivable |
$ 15900.00 |
$ 25400.00 |
$ 25400.00 |
||
Utilities expense |
|||
Opening Balance |
$ - |
||
(f)Accounts Payable |
$ 1250.00 |
Closing Balance |
$ 1250.00 |
$ 1250.00 |
$ 1250.00 |
||
Required information [The following information applies to the questions displayed below.] In January, Tongo, Inc., a...
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...
[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 $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 $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 $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 $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...
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...