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Lita Lopez started Biz Consulting a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested $65,000 cash

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Lita Lopez started Biz Consulting a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested $65,000 cash and office equipment valued at $37000 in the company in exchange for its common stock b. The company purchased an office suite for $42,000 cash c. The company purchased office equipment for $5,400 cash d. The company purchased $3.200 of office supplies and $1,000 of office equipment on credit e. The company paid a local newspaper $820 cash for printing an announcement of the office's opening f. The company completed a financial plan for a client and billed that client $4.400 for the service g. The company designed a financial plan for another client and immediately collected a $8.200 cash fee h. The company paid $1.500 cash individends to the owner isole shareholder) L. The company received $3.400 cash as partial payment from the client described in transaction J. The company made a partial payment of $500 cash on the equipment purchased in transaction k. The company paid $2.500 cash for the office secretary's wages for this period Required: 1. Enter the amount of each transaction on individual items of the accounting eg 2. Determine the company's net income tion Complete this question by entering your answers in the tabs below. Required 1 Required 2 Enter the amount of each transaction on individual items of the accounting equation (Reductions in account balance should be indicated Liabilities Cash Accounts Receivable Office Supplies + Office Seite Office Equipment 5 37.000 Account Payabile Coro Stoch Dwvidends $ 65.000 - . : 12 000 12,000 + 0 37.000 O. 0- 65.000 5:400+ 70,400 . . Ba 0 22.000 0 0 0+ 3.2001 3.2000 37000 1900- 38.000 + B 70/600 42,000 O. Prow 1 2 ! Next > here to search O 2

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