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In January, Tongo, Inc., a branding consultant, had the following transactions. Indicate the accounts, amounts, and direction

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Answer #1

Accounting equation

Assets = Liabilities + Stockholder's equity
a Cash 13200 Service revenue 13200
b Cash 8000 Common Stock 8000
c Equipment 11200 Notes payable 8400
Cash -2800
d Cash 11800 Unearned service revenue 11800
e Supplies 1750 Account payable 1750
f Account payable 2060 Utilities expense -2060
g Account receivable 19900 Service revenue 19900
h Cash 13300
Account receivable -13300
i Cash -875 Account payable -875
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