Question: 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

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.10points00:59:56eBookHinta. (Sample) Received $12,200 cash for consulting services rendered in January.b. Issued common stock to investors for $16,000 cash.c. Purchased $14,400 of equipment, paying 25 percent in cash and owing the rest on a note due in two years.d. Received $9,200 cash for consulting services to be performed in February.e. Bought and received $1,700 of supplies on account.f. Received utility bill for January for $1,520, due February 15.g. Consulted for customers in January for fees totaling $23,500, due in February.h. Received $13,700 cash for consulting services rendered in December.i. Paid $850 toward supplies purchased in (e).

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