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. The company received $1,800 cash as partial payment from the client described in transaction f.

j. The company made a partial payment of $700 cash on the equipment purchased in transaction d.

k. The company paid $1,800 cash for the office secretary's wages for this period.

Assets Liabilities Equity Cash + Accounts Receivable + Office Supplies + Office Equipment + Office Suite = Accounts Payable + L. Lopez, Capital L. Lopez, Withdrawals + Revenues a. + + + + + + + + + + + + b. Bal. + + + + + + + + + + + - + c. Bal. + + + + + = + + d. + + + + = + + Bal. + + + + = + + e. + + + + + = + + + Bal. + + + + + f. + + + + = + + + Bal. + + + + + + + + + + g. + + Bal. + + + + + + + h. + + + + + + + + Bal. + + + + + + i. + + + + + - + Bal. + + + + + + + + + + + + + j. Bal. + + + + + + k. + + + + = + + Bal. + + + + + +