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 providedpoints::eBookHinta. Sample Received $ cash for consulting services rendered in January.b Issued common stock to investors for $ cash.c Purchased $ of equipment, paying percent in cash and owing the rest on a note due in two years.d Received $ cash for consulting services to be performed in February.e Bought and received $ of supplies on account.f Received utility bill for January for $ due February g Consulted for customers in January for fees totaling $ due in February.h Received $ cash for consulting services rendered in December.i Paid $ toward supplies purchased in e
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