Question

Required information E3-18 and E3-19 Posting to T-Accounts and Creating an Unadjusted Trial Balance (LO 3-3, LO 3-4] (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 supplies on account. Received utility bill for January for $1.250, due February 15, g. Consulted for customers in January for fees totaling $15.900, due in February h. Received $12,000 cash for consulting services rendered in December. Paid $500 toward supplies purchased in (e)

Answer 1

Unadjusted Trial Balance
For the month ended January 31
Particulars			Debit	Credit
Cash			$ 35,500.00
Accounts Receivable			$   3,900.00
Supplies			$   1,000.00
Equipment			$ 12,000.00
Accounts Payable				$   1,750.00
Unearned Revenue				$   7,500.00
Notes Payable				$   9,000.00
Common Stock				$ 10,000.00
Service Revenue				$ 25,400.00
Utility Expense			$   1,250.00
Total			$ 53,650.00	$ 53,650.00

Note: Hey, are there any beginning balances given in the question? Please let me know