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a. The owner (Alex Carr) invested $15,400 cash in the company. b. The company purchased supplies for $600 cash. c. The owner (Alex Carr) invested
a. The owner (Alex Carr) invested $15,400 cash in the company. b. The company purchased supplies for $600 cash. c. The owner (Alex Carr) invested $10,200 of equipment in the company. d. The company purchased $220 of additional supplies on credit e. The company purchased land for $9,200 cash. Y Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances minus sign.) ces Assets Cash Supplies + Equipment Land Liabilities Accounts Payable A. Carr, Capital Equity A. Carr Withdrawals Revenue a + + + + + b. + + Bal + 11 II 11 + 0 + 0 + 0 + 0 0 + 0 C 0 + + 0 + + + B al + 0 + 0 + 0 + 0 = 0 + d 0 0 + 0 + + + + RI n + n n - + n to search ! 1 Lita Lopez started Biz Consulting a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested $70,000 cash and office equipment valued at $40,000 in the company b. The company purchased an office suite for $40,000 cash c. The company purchased office equipment for $5,900 cash d. The company purchased $3,400 of office supplies and $1,200 of office equipment on credit. e. The company paid a local newspaper SB80 cash for printing an announcement of the office's opening f. The company completed a financial plan for a client and billed that client $4,200 for the service 9. The company designed a financial plan for another client and immediately collected a 58,300 cash fee h. Lita Lopez withdrew $1,200 cash from the company for personal use. i. The company received $3,200 cash as partial payment from the client described in transaction J. The company made a partial payment of $600 cash on the equipment purchased in transaction k. The company paid $1600 cash for the office secretary's wages for this period Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Reductions in account balances should be indicated with a minus sign.) Accounts Assets Office Supplies Ollice + Equipment Accounts Payable L Loper. Capital Equity L. Lopez Withdrawals + Revenues EX Cash Receivable + Office Suite
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