Homework Answers
Calculation of total revenue for the month of Jan
Consulting service performed in Jan $ 20700
Providing consulting services. $ 36800
Total revenue. $ 57500
Answer $ 57500
All others option are incorrect because revenue is 57500$
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In January, Tongo, Inc., a branding consultant, had the
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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.
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in February.
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15.
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Can someone help me do this question! In January, Tongo, Inc., a branding consultant, had the...
Can
someone help me do this question!
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During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $48,000 cash. 2. Purchased $12,000 of equipment, paying $2,400 cash and signing a promissory note for $9,600. 3. Received $21,600 in cash for consulting services performed in January. 4. Purchased $3,600 of supplies on account; all of the supplies were used in January 5. Provided consulting services on account in the amount of $38,400. 6. Paid $1,800...
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During February 2020, the first month of operations, Vaughn Consulting firm had following transactions: 1. Issued common stock to owners in exchange for $34,000 cash. 2. Purchased $8,500 of equipment, paying $2,550 cash and signing a promissory note for $5,950. 3. Received $15,300 in cash for consulting services performed in January 4. Purchased $2,550 of supplies on account; all of the supplies were used in January. 5. Provided consulting services on account in the amount of $27,200. 6. Paid $1,275...
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a. Received $10,300 cash for consulting services rendered in January b. Issued common stock to investors for $16,500 cash. c. Purchased $15,300 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $12,100 cash for consulting services to be performed in February e. Bought and received $1,030 of supplies on account. Received utility bill for January for $2,190, due February 15. g. Consulted for customers in January for fees totaling...
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...
Question 1 Maury Wills started an environmental consulting business & during the first month of operations (June 2008) completed the following transactions: a) b) Wills began the business with an investment of $25,000 cash and a building valued at $30,000. The business gave Wills the owner's equity in the firm. Purchased office supplies on account, $2,100 Paid $18,000 for office furniture Paid employee's salary, $2,200 Performed consulting service on account, $5,100 Paid $800 on the account payable created in transaction...
Can
someone help me do this question!
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 $9.700 cash for consulting services rendered in January b. Issued common stock to investors for $11,500 cash. c. Purchased $21,500 of equipment, paying 25 percent in cash and...
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