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Lita Lopez started Biz Consulting. a new business, and completed the following transactions during its first year of operations. a. Lita Lopez Invested $65,000 cash
Lita Lopez started Biz Consulting. a new business, and completed the following transactions during its first year of operations. a. Lita Lopez Invested $65,000 cash and office equipment valued at $33.000 In the company. b. The company purchased an office sulte for $48,000 cash. C. The company purchased office equipment for $5,900 cash d. The company purchased $3,600 of office supples and $1,700 of office equipment on credit. e. The company pald a local newspaper $840 cash for printing an announcement of the office's opening. f. The company completed a financlal plan for a client and billed that client $5,000 for the service g. The company deslgned a financlal plan for another client and Immedlately collected a $8,600 cash fee. h. Lita Lopez withdrew $1,000 cash from the company for personal use. L The company recelved $4,000 cash as partial payment from the client described In transaction f The company made a partial payment of $850 cash on the equipment purchased in transaction k. The company pald $2,000 cash for the office secretary's wages for this perlod. 2. Enter the amount of each transaction on Indlividual Items of the accounting equation. (Reductions in account balances should be Indicated with a minus sign.) Office L. Lopez, L. Lopez, Cash Receivable+ Supplies+ +Office Suite Bal Bal Bal Bal Bal Bal Bal Bal Bal Bal
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