Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $60,000 cash and office equipment valued at $31,000 in the company. b. The company purchased an office suite for $47,000 cash. c. The company purchased office equipment for $5,500 cash. d. The company purchased $3,700 of office supplies and $2,000 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 $4,800 for the service. g. The company designed a financial plan for another client and immediately collected a $8,700 cash fee. h. Lita Lopez withdrew $1,600 cash from the company for personal use. i. The company received $3,800 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $1,000 cash on the equipment purchased in transaction d. k. The company paid $2,100 cash for the office secretary's wages for this period. Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Reductions in account balances should be indicated with a minus sign.) Accounts + Receivable + Assets Office Supplies Office + Equipment + + Office Suite = Liabilities Accounts Payable L. Lopez Capital Equity L. Lopez, - Withdrawals + Revenues Cash + Expenses a. + + + + b. + + + + + + Bal. + + + + + + c. + + + = + + Bal. + + + + + + + d. + + + = + + + Bal. + + + + + + e. + + + + + = + + Bal. + + + + + - + f. + + + + = + + Ball + + + + = + + + g. + + + + - = + + Bal. + + + + = + + h. + + + + = + + Bal. + + + + + + i. + + + + + + Bal. + + + + = + + i. + + + + + + Bal. + + + + + + k. + + + + + Bal. + + + + +