CHECK FIGURES: 2. George Littlechild, Capital, March 31,

2023=

$175,100;3

. Loss

=$1,300

; Total assets

=$743,100

\ George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2023:\ a. Littlechild invested

$160,000

cash and office equipment valued at

$20,000

in the business.\ b. Purchased a small building for

$600,000

to be used as an office. Paid

$100,000

in cash and signed a note payable promising to pay the balance over several years.\ c. Purchased

$3,000

of office supplies for cash.\ d. Purchased

$72,000

of office equipment on credit.\ e. Littlechild made reservations at a hotel hosting a kitchen and bath design conference in August 2023. He will send a $1,000 deposit on July 1, 2023.\ f. Completed a project on credit and billed the client

$5,200

for the work.\ g. Paid a local online newspaper

$3,500

for an announcement that the office had opened.\ h. Completed a project for a client and collected

$4,000

cash.\ i. Made a

$4,000

payment on the equipment purchased in (d).\ j. Received

$2,500

from the client described in (f).\ k. Paid

$7,000

cash for the office secretary's wages.\ Littlechild withdrew

$3,600

cash from the company bank account to pay personal living expenses.

CHECK FIGURES: 2. George Littlechild, Capital, March 31, 2023= $175,100;3. Loss =$1,300; Total assets =$743,100 George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2023: a. Littlechild invested $160,000 cash and office equipment valued at $20,000 in the business. b. Purchased a small building for $600,000 to be used as an office. Paid $100,000 in cash and signed a note payable promising to pay the balance over several years. c. Purchased $3,000 of office supplies for cash. d. Purchased $72,000 of office equipment on credit. e. Littlechild made reservations at a hotel hosting a kitchen and bath design conference in August 2023. He will send a \$1,000 deposit on July 1, 2023. f. Completed a project on credit and billed the client $5,200 for the work. g. Paid a local online newspaper $3,500 for an announcement that the office had opened. h. Completed a project for a client and collected $4,000 cash. i. Made a $4,000 payment on the equipment purchased in (d). j. Received $2,500 from the client described in (f). k. Paid $7,000 cash for the office secretary's wages. 1. Littlechild withdrew $3,600 cash from the company bank account to pay personal living expenses