Check my work Problem 1-8A Analyzing effects of transactions LO C4, P1, P2, A1 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 $10,000 in the company b. The company purchased an office suite for $40,000 cash. c. The company purchased office equipment for $15,000 cash. d. The company purchased $1,200 of office supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $500 cash for printing an announcement of the office's opening f. The company completed a financial plan for a client and billed that client $2,800 for the service. g. The company designed a financial plan for another client and immediately collected a $4,000 cash fee. h. Lita Lopez withdrew $3,275 cash from the company for personal use. i. Th j. The company mad k. The company paid $1,800 cash for the office secretary's wages for this period. e company received $1,800 cash as partial payment from the client described in transaction f e a partial payment of $700 cash on the equipment purchased in transaction d Required: 1. Enter the amount of each transaction on individual indicated with a minus sign.) items of the accounting equation. (Reductions in account balances should be K Prev 11 of 11 Next 8 MacBook Pro Check my work Problem 1-8A Analyzing effects of transactions LO C4, P1, P2, A1 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 $10,000 in the company b. The company purchased an office suite for $40,000 cash. c. The company purchased office equipment for $15,000 cash. d. The company purchased $1,200 of office supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $500 cash for printing an announcement of the office's opening f. The company completed a financial plan for a client and billed that client $2,800 for the service. g. The company designed a financial plan for another client and immediately collected a $4,000 cash fee. h. Lita Lopez withdrew $3,275 cash from the company for personal use. i. Th j. The company mad k. The company paid $1,800 cash for the office secretary's wages for this period. e company received $1,800 cash as partial payment from the client described in transaction f e a partial payment of $700 cash on the equipment purchased in transaction d Required: 1. Enter the amount of each transaction on individual indicated with a minus sign.) items of the accounting equation. (Reductions in account balances should be K Prev 11 of 11 Next 8 MacBook Pro