Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $69,000 cash and equipment valued at $36,000 in the company. b. The company purchased a building for $43,000 cash. c. The company purchased equipment for $5,600 cash. d. The company purchased $3,300 of supplies and $1,400 of equipment on credit. e. The company paid $900 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,500 for the service. g. The company designed a financial plan for another client and immediately collected a $8,900 cash fee. h. L. Lopez withdrew $1,200 cash from the company for personal use. i. The company received $3,500 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 $2,500 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.

Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. o. Lita Lopez invested \\( \\$ 69,000 \\) cash and equipment valued at \\( \\$ 36,000 \\) in the company b. The company purchased a building for \\( \\$ 43,000 \\mathrm{cash} \\). c. The company purchased equipment for \\( \\$ 5,600 \\) cash. d. The company purchased \\( \\$ 3,300 \\) of supplies and \\( \\$ 1,400 \\) of equipment on credit. e. The company paid \\( \\$ 900 \\) cash for advertising expenses. f. The company completed a financial plan for a client and blled that client \\( \\$ 4,500 \\) for the service. g. The company designed a financial plan for another client and immediately collected a \\( \\$ 8,900 \\) cash fee h. L. Lopez withdrew \\( \\$ 1,200 \\) cash from the company for personal use. i. The company received \\( \\$ 3,500 \\) 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 \\( \\$ 2,500 \\) 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. Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested \\( \\$ 69,000 \\) cash and equipment valued at \\( \\$ 36,000 \\) in the company. b. The company purchased a buliding for \\( \\$ 43,000 \\) cash. c. The company purchased equipment for \\( \\$ 5,600 \\) cash. d. The company purchased \\( \\$ 3,300 \\) of supplies and \\( \\$ 1,400 \\) of equipment on credit. e. The company paid \\( \\$ 900 \\) cash for advertising expenses 1. The compary completed a financial plan for a client and billed that client \\( \\$ 4,500 \\) for the service. 9. The company designed a financial plan for another client and immediately collected a 58,900 cash fee. h. L. Lopez withdrew \\( \\$ 1,200 \\) cash from the company for personal use 1. The company received \\( \\$ 3.500 \\) 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 \\( \\$ 2.500 \\) 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