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Lite Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. Lite Lopez invests $67,000 cash and

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Lite Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. Lite Lopez invests $67,000 cash and office equipment valued at $33,000 in the company in its common stock The company purchased a $312,000 building to use as an office. Biz Consulting paid $41,000 and signed a note payable promising to pay the $271,000 balance over the next 10 years. The company purchased office equipment for $6, 100 cash. The company purchased $3,000 of office supplies and $2,000 of office equipment on opening. The company paid a local newspaper $820 cash for printing an announcement of the office's opening. The company completed a financial plan for a client and billed that client $4, 500 for the service. The company designed a financial plan for another client and immediately collected a $8,000 cash fee. The company paid $900 cash in dividends to the owner (sole shareholder). The company received $3, 500 cash as partial payment from the client described in transaction f. The company made a partial payment of $1,000 cash on the equipment purchased in transaction d. The company paid R$2, 400 cash for the office secretary's wages for this period. Required: Enter the amount of each transaction on individual items of the accounting equation. (Reductions in account balances should be indicated with a minus sign.)

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