Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations.

1. Lita Lopez invested $60,000 cash and office equipment valued at $39,000 in the company.
2. The company purchased an office suite for $46,000 cash.
3. The company purchased office equipment for $5,200 cash.
4. The company purchased $3,700 of office supplies and $2,000 of office equipment on credit.
5. The company paid a local newspaper $830 cash for printing an announcement of the offices opening.
6. The company completed a financial plan for a client and billed that client $4,600 for the service.
7. The company designed a financial plan for another client and immediately collected a $8,900 cash fee.
8. Lita Lopez withdrew $1,800 cash from the company for personal use.
9. The company received $3,600 cash as partial payment from the client described in transaction f.
10. The company made a partial payment of $1,000 cash on the equipment purchased in transaction d.
11. The company paid $1,600 cash for the office secretarys wages for this period.