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In January, Tongo, Incorporated, 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. a. (Sample) Received $11,000 cash for consulting services rendered in January b Issued common stock to investors for $17,500 cash. c Purchased $14.700 of equipment, paying 25 percent in cash and owing the rest on a note due in two years d. Received $12,050 cash for consulting services to be performed in February e Bought and received $1,310 of supplies on account Received utility bill for January for $1,710, due February 15, 9 Consulted for customers in January for fees totaling $19,000, due in February h. Received $15,200 cash for consulting services rendered in December i Paid $655 toward supplies purchased in (e) Required: 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 Assets, Liabilities, and Stockholder's Equity with a minus sign.) Liabilities 11.000 (17.500) 14.700 - Notes Payable long-term) Stockholders' Equity + Service Revenue Common Stock 11,000 17 500 + + Assets a Cash b Cash Equipment C Cash d Cash Supplies 1 g Accounts Receivable h Accounts Receivable h Cash Cash 12,050: 1 310 17101 . 12,050 Deferred Revenue 1.310 - Accounts Payable Accounts Payable 19 000 (15,200 15,200 - (655) = Accounts Payable + . (655)

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