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8 00 Lita Lopez started Bu Consulting, a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested
8 00 Lita Lopez started Bu Consulting, a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested $66,000 cash and equipment valued at $39,000 in the company in exchange for its common stock b. The company purchased a building for $48.000 cash c. The company purchased equipment for $5,500 cash, d. The company purchased $3.600 of supplies and $1,700 of equipment on credit e. The company paid $820 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 $8.800 cash fee. h. The company paid $1,300 cash in dividends to the owner (sole shareholder) L The company received $3,100 cash as partial payment from the client described in transaction f J. The company made a partial payment of $850 cash on the equipment purchased in transaction d k. The company paid $2.300 cash for the secretary's wages for this period. Required: 1. Enter the amount of each transection on individual items of the accounting equation. 2. Determine the company's net income. Complete this question by entering your answers in the tabs below. 00 8 Complete this question by entering your answers in the tabs below A Cas * 1-1 + + + + " " 14 . . Balance affed . . D + + * . Balance fa + + . + Balance ar . " + Banca " 18 3 ". Balance after + . 4 * . Balance a + " + + . 4 4 Balance after " . + + . + lance atark Required 2 > Check my work
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