in January 2013, a new consulting firm recorded the following transactions: 1. issued stock to investors...
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January 2013, a new consulting firm recorded the following
transactions: 1. issued stock to investors...
a. Received $10,300 cash for consulting services rendered in January b. Issued common stock to investors...
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...
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued...
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...
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued...
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $30,000 cash. 2. Purchased $7,500 of equipment, paying $2,250 cash and signing a promissory note for $5,250. 3. Received $13,500 in cash for consulting services performed in January. 4. Purchased $2,250 of supplies on account; all of the supplies were used in January, 5. Provided consulting services on account in the amount of $24,000. 6. Paid $1,125...
During January 2018, the first month of operations, a consulting firm had following transactions: Issued common...
During January 2018, the first month of operations, a consulting firm had following transactions: Issued common stock to owners in exchange for $30,000 cash. Purchased $7,500 of equipment, paying $2,250 cash and signing a promissory note for $5,250. Received $13,500 in cash for consulting services performed in January. Purchased $2,250 of supplies on account; all of the supplies were used in January. Provided consulting services on account in the amount of $24,000. Paid $1,125 on account. Paid $4,500 to employees...
During February 2020, the first month of operations, Vaughn Consulting firm had following transactions: 1. Issued...
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...
In January, Tongo, Inc., a branding consultant, had the following transactions.
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 15. g. Consulted for customers in January...
Choose which one? Thanks. During January 2018, the first month of operations, a consulting firm had...
Choose which one? Thanks.
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $46,000 cash. 2. Purchased $11,500 of equipment, paying $3,450 cash and signing a promissory note for $8,050. 3. Received $20,700 in cash for consulting services performed in January. 4. Purchased $3,450 of supplies on account, all of the supplies were used in January. 5. Provided consulting services on account in the amount of...
In January, Tongo, Inc., a branding consultant, had the following transactions. Indicate the accounts, amounts, and...
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.)
(Sample) Received $15,500 cash for consulting services
rendered in January.
Issued common stock to investors for $14,500 cash.
Purchased $16,200 of equipment, paying 25 percent in cash and
owing the rest on a note due in two years....
In January, Tongo, Inc., a branding consultant, had the following transactions. Received $13,200 cash for consulting...
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...
In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,000 cash for...
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...
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...
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...
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $30,000 cash. 2. Purchased $7,500 of equipment, paying $2,250 cash and signing a promissory note for $5,250. 3. Received $13,500 in cash for consulting services performed in January. 4. Purchased $2,250 of supplies on account; all of the supplies were used in January, 5. Provided consulting services on account in the amount of $24,000. 6. Paid $1,125...
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...
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 15. g. Consulted for customers in January...
Choose which one? Thanks.
During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $46,000 cash. 2. Purchased $11,500 of equipment, paying $3,450 cash and signing a promissory note for $8,050. 3. Received $20,700 in cash for consulting services performed in January. 4. Purchased $3,450 of supplies on account, all of the supplies were used in January. 5. Provided consulting services on account in the amount of...
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.)
(Sample) Received $15,500 cash for consulting services
rendered in January.
Issued common stock to investors for $14,500 cash.
Purchased $16,200 of equipment, paying 25 percent in cash and
owing the rest on a note due in two years....
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...
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...
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