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. 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.) Cash a. $ 70,000+ b. Bal. (40,000) ++] 30,000+ Accounts Receivable + ++ 0+ Assots Office Supplies Liabilities Equity Office Equipment Accounts Office Suite N Payable L. Lopez, Capital L. Lopez. Withdrawals Re $ 10,000+ + $ 80,000 + 40,000 10,000+ 15.000 40,000 0 ++ + 80,000 0 + + ++ 0+ Check my work Accounts Cash 70,000+ + Receivable Assets Office Supplies + Office Equipment $ 10,000+ Liabilities Equity Office Suite Accounts Payable L Lopez, $ Capital 80,000 LLopet Withdrawals Revenues 30 (40,000) . . + 40,000 points 30,000+ + 0+ 10,000+ 40,000- 0+ (15,000) + + 15,000+ 80,000- 0+ 0 . Book 15,000+ 0 . 10+ 25,000+ 40,000- 0+ 80,000- 0 + 01- . 1,700 2.900 Print 15,000 0+ 0+ 26,700+ 40,000- 2.000+ 80,000- 9- References (500) . 14,500+ 0+ 26,700+ 40,000- 2.900 80.000- 0- 0 2,800+ . 2,000- 14.500+ 2,800 0. 26,700+ 40,000 2,000+ 80,000- 0+ 2.000- 4,000+ . . 18.500+ 2,800 0+ 26,700 + 40,000- 2.900+ 80,000- . (3.275)+ . 15.225+ 2,800 0+ 26.700. 40,000- 2.900 + 80,000- 0+ 3275 3,275 + 4,000- 6,800- 0 - 6,800- 0 1.800 (1,800) " + 17,025+ 1,000+ 0- 26,700 40,000= 2,900. 80.000- 3.275+ 8.800- (700) - . + + + 16.325+ 1,000+ 0+ 26,700 + 40.000- 2.900+ 80,000- 3,275+ 6.800- (1,800) . 14.525+ $ 1,000. $ 0. $ 26,700+ $ 40,000- S 2,900+ $ 80,000 $ 3,275+ $ 6,800-