Check my work 6 Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. 1 points a. Lita Lopez invested $66,000 cash and office equipment valued at $35,000 in the company in exchange for its common stock b. The company purchased an office suite for $46,000 cash. c. The company purchased office equipment for $5,600 cash. d. The company purchased $3,500 of office supplies and $1,900 of office equipment on credit e. The company paid a local newspaper $870 cash for printing an announcement of the office's opening. The company completed a financial plan for a client and billed that client $5,000 for the service 9. The company designed a financial plan for another client and immediately collected a $8,900 cash fee. h. The company paid $1,100 cash in dividends to the owner (sole shareholder) i. The company received $4.000 cash as partial payment from the client described in transaction 1. The company made a partial payment of $950 cash on the equipment purchased in transaction d k. The company paid $2,400 cash for the office secretary's wages for this period. Print References Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Enter decreases to account balance with a minus sign.) 2. Determine the company's net income 1. Assets Office Supplies Equity Dividends Revenues Liabilities Accounts Payable 4 Accounts Receivable . Cash Office Equipment OfficeSuite Common Stock Expenses + + a. b Bal . 0+ 0 - 0 + D 0 0 + 0 - 0 0- 0 . + + . + - . Bal 0 + 0 O D O- 0+ 0 - 0 0 d + + + . . 0+ 0. 0 0 + 0 0 0- 0. 0 - 0 Bal . 0 0 O- Ol 0 D- 0 0 - 0 1. Enter the amount of each transaction on individual items of the accounting equation (Enter decreases to account balance with a minus sign.) 2. Determine the company's net income. 1. Assets Office Supplies Equity Dividends Revenues Liabilities Accounts Payable Accounts Receivable Cash + + Office Equipment Common Stock OfficeSuite Expenses + + . + + b + + + + Bal +10 O O + 0 + 0 10 0 ol 0 0 + + + + c Bal 0. 0 0 + + + 0 0 + 0 +10 0 = 0 0 - + d + + . + 0 + 0 + 0 4 Bal. + 0 + 0 0 0 = 0 - 0 0 . + 4 + . . . 0 0 0 Bal 0 D ol. + 0 0 + + 10 + + + + 0 -10 Bal +10 0 O 0 + 0 +0 10 . - 9 + + + 0 0 0 . 0 + 10 0 . . 10 0 0 0 - . + . . 0 + 0 0 + O +10 . +10 Bal 0 0 4 0 -0 . 1 + + + + . 0+ 0 + 0 0 +10 0 Bal D +10 + 0 + 10 + . + + + 1 0 + 10 0 O + Bal 0 0- +10 +O O 0- - + K + + . + + 0 + $ + $ $ 0 0 + 0. $ 0 Bal $ 0 $ $ 0 $ -O $ $ 0 + 0 2. Net income