Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis.

a.(Sample) 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 $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 totaling $15,900, due in February.

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

i.Paid $500 toward supplies purchased in (e).Assets=Liabilities+Stockholders’ Equity

a.Cash+9,500=Service Revenue (+R)+9,500

b.Cash+10,000=Common Stock+10,000

c.EquipmentCash+12,000-3,000=Note Payable (long)+9,000

d.Cash+7,500=Unearned Revenue+7,500

e.Supplies+1,000=Accounts Payable+1,000

f.NE=Accounts Payable+1,250Utilities Expense(+E)-1,250

g.Accounts Receivable+15,900=Service Revenue (+R)+15,900

h.Accounts ReceivableCash-12,000+12,000=NE

i.Cash-500=Accounts Payable-500