Question: Required information E3-18 and E3-19 Posting to T-Accounts and Creating an Unadjusted Trial Balance (LO 3-3, LO 3-4] (The following information applies to the questions

 Required information E3-18 and E3-19 Posting to T-Accounts and Creating an
Unadjusted Trial Balance (LO 3-3, LO 3-4] (The following information applies to

Required information E3-18 and E3-19 Posting to T-Accounts and Creating an Unadjusted Trial Balance (LO 3-3, LO 3-4] (The following information applies to the questions displayed below.] In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $9,500 cash for consulting services rendered in January b. Issued common stock 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 and received $1,000 of supplies on account. Received utility bill for January for $1.250, due February 15, g. Consulted for customers in January for fees totaling $15.900, due in February h. Received $12,000 cash for consulting services rendered in December. Paid $500 toward supplies purchased in (e) E3-19 Creating an Unadjusted Trial Balance [LO 3-4] Prepare an unadjusted trial balance for Tongo, Inc. for the month ended January 31 TONGO, INC. Unadjusted Trial Balance Account Name Debit Credit 17 ence

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!