Enter the amount of each transaction on individual items of the accounting equation. (Reductions in account balances should be indicated with a minus sign.)

Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $68,000 cash and equipment valued at $33,000 in the company. b. The company purchased a building for $46,000 cash. c. The company purchased equipment for $5,700 cash. d. The company purchased $3,300 of supplies and $1,200 of equipment on credit. e. The company paid $990 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,900 for the service. g. The company designed a financial plan for another client and immediately collected a $8,400 cash fee. h. L. Lopez withdrew $1,700 cash from the company for personal use. i. The company received $3,900 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $600 cash on the equipment purchased in transaction d. k. The company paid $2,200 cash for the secretary's wages for this period. Required: 1. Enter the amount of each transaction on individual items of the accounting equation. 2. Determine the company's net income. 0 + 0 + 0 0+1 OLE 0 + + 0 0]+ 0 0 Enter the amount of each transaction on individual items of the accounting equation. (Reductions in account balances should be indicated with a minus sign.) + + = + + Balan ce after g h. Balan ce after h i. Balan ce 0 + ol 0 01+1 ol 01 + 0 0 + 0 0 Liabiliti + Assets Equity es 0 + 01+1 0+ 0+ 0 0 + 0 0 + + 0 0 Revenu after i Cas h h Account 8 Receiva ble Suppli. Equipm es ent Buildi ng Accou nts Payabl e L. Lope z, z Capit al L. Lopez, Withdraw als Expens es es + + + + Balan 0+ 0 +1 01 + 0+ 0= 0+ 0 0+ 0 0 la a. + + + ce after k. Balan ce after k 0+ 0+1 01 + 01 + 0= 01- 011 0+ 01- 0 $0+ $0+1 $0+ $0+1 $0=1 so + $014 $0+ $0 $0 + + I=1 + b. Balan ce after a and b C. Balan ce after c d. Balan ce after dl 0 01+ 0+ 0 + 0= 01+ 0 01: 0 0 End of document I + 01 + 0 + 0+ 0+ 0=1 0 + + 01- 01+ 01-1 ol 0 0 + 0+ 01 + 01+ 0= 0+ 0 0 0 01-1 ol e. Balan ce after e f. Balan ce after f 0 + 011 0+ 0 + 0= 0]+ 0 01+ 0 0 g. + +