Question

In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,500 cash for consulting services rendered in January. b. Issued common stock to investors for $14,500 cash. c. Purchased $16,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,150 cash for consulting services to be performed in February. e. Bought $1,620 of supplies on account. f. Received utility bill for January for $1,450, due February 15. g. Consulted for customers in January for fees totaling $16,700, due in February. h. Received $20,200 cash for consulting services rendered in December. i. Paid $810 toward supplies purchased in (e). Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answer 1

Answer:

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Explanation:

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