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Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. 35:46 . Lita Lopez invested $66,000

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Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. 35:46 . Lita Lopez invested $66,000 cash and office equipment valued at $35,000 in the company b. The company purchased an office suite for $44.000 cash. c. The company purchased office equipment for $5,300 cash. d. The company purchased $3,900 of office supplies and $1,500 of office equipment on credit. e. The company paid a local newspaper $800 cash for printing an announcement of the office's opening. f. The company completed a financial plan for a client and billed that client $5,000 for the service. g. The company designed a financial plan for another client and immediately collected a $8,400 cash fee. h. Lita Lopez withdrew $1,000 cash from the company for personal use. i. The company received $4.000 cash as partial payment from the client described in transaction f. J. The company made a partial payment of $750 cash on the equipment purchased in transaction d. k. The company paid $1.900 cash for the office secretary's wages for this period. ok 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.) Liabilities Assets Office Equity Office Accounts Accounts Receivable L. Lopez, Capital Cash L. Lopez Withdrawals Supplies + + Office Suite Payable + Revenues Expenses Equipment $ 35,000+ a $ 66,000+ + + + + - b + + + + + Bal 0 + 0 35,000+ 0 = 0 + 0 - 0 + 0 - 0 (44000) + 22,000 - (5,300) + 16.700 + c + + + - + Bal 0 + 0+ 35,000 + 0 = 0 + + 0 - 0 + 0 - 0 d + + + + + - + Bal 16,700 + O + 0 + 35 000 + 0 0 = 0+ 0 0 0 + 0 0 e + + + + + - + Bal 16,700 0 + 0 + 35,000 + 0 = 0 + 0 0+ 0 - 0 + + = + + - + - Bal 16,700 - 0 + 0 35,000 + 0 = 0+ 0 - 0 + 0 0 - 0 + + g + + - + - + - Bal 16,700 - 0 + 0 + 35,000 + 0 0 + 0 - 0 + 0 h + + + + - + Bal 16,700 - 0+ 0 + 35.000 + 0 = 0 + 0 0 - + 0 0- 0 + + + + - + - 0 - Bal 0 + 16,700 - 35,000 + + 0 = 0 0 0 0 - + 0 0 - 1. 1.1. + + + + - + Bal 16,700 + + 0 - 35,000 + 0 = 0 + 0 - 0 + 0 - K + + + + = + + - Bal 16,700 - $ 0 $ O 0 + $ 35,000 + $ 0 = $ 0+ $ 0 $ 01 + $ 0 - $ 0

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