5 Check my wa Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. 16 points) a. Lita Lopez invested $66,000 cash and equipment valued at $36,000 in the company in exchange for its common stock. Skipped Referenc b. The company purchased a building for $47,000 cash c. The company purchased equipment for $5,200 cash d. The company purchased $3,700 of supplies and $1,800 of equipment on credit e. The company paid $830 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,300 for the service. g. The company designed a financial plan for another client and immediately collected a $8,700 cash fee. h. The company paid $1,800 cash in dividends to the owner (sole shareholder) 1. The company received $3,300 cash as partial payment from the client described in transaction f The company made a partial payment of $900 cash on the equipment purchased in transaction d k. The company paid $1,900 cash for the secretary's wages for this period. Required: 1. Enter the amount of each transaction on individual items of the accounting equation, 2. Determine the company's net income. Assets Liabilities Accounts Accounts Common Cash Supplies + Equipment + Building Divide Receivable Payable Stock a b. + + + + + + Balance after a and b 0+ 0+ 0 + 0+ 0- 0 + 0 C Balance after c + + + 0+ 0+ 0+ 0+ 0 = 0 0 d. + + + Balance after d 0+ 0+ 0+ 0+ 0 = 0+ 0 e + + + = Balance after e 0+ 0+ 0 + 0+ 0= 0+ 0 f. + + + + = + Balance after f 0+ O + Balance after g 0 + ha + 0+ i+ 0+ + 0 + 0+ 0= 0+ 0 + + = + 0 + 0+ 0- 0 + ++ 0 C W R C eztomheducation.com/ext/map/indexchtmil con con&external browser-0&launchUrl https%253A Homework Chapter 11 Somd Paused Help Save & Exit Submit Check my work 5 d Balance after d . 0 0+ D . . Balance after e 0. 0. 01. 101 . 0= 0. 0- 16 ponts Balance after 0. 0+ 0. Skipood 10 . . Balance after g 0- 0+ 0. . . Balance aher h 01+ 0. . 0. a . . . . . Balance afor 0+ 0+ 0+ . 0. 0 . . Balance after 0. 0+ 0 . 0 01- . .. Balance afferk $ 0. $ a. $ 0. $ . 1 05 $ Rain coming O Required 2 > 2:31 PM 6/30/2022