In January 2014, 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. The solution for transaction (a) is provided.

a. Received $9,500 cash for consulting services rendered in January.

b. Issued shares 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 $1,000 of supplies on account.

f. Received utility bill for January for $1,250, due February 15.

g. Consulted for customers in January for fees totalling $15,900, due in February.

h. Received $12,000 cash for consulting services rendered in December?