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

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net income
che Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested $64,000 cash and equipment valued at $39,000 in the company in exchange for its common stock b. The company purchased a building for $40,000 cash. c. The company purchased equipment for $5,700 cash. d. The company purchased $3,400 of supplies and $1600 of equipment on credit. e. The company paid $990 cash for advertising expenses. 1. The company completed a financial plan for a client and billed that client $4,800 for the service. 9. The company designed a financial plan for another client and immediately collected a $9.000 cash fee. h. The company paid $900 cash in dividends to the owner (sole shareholder). L. The company received $3,800 cash as partial payment from the client described in transaction J. The company made a partial payment of $800 cash on the equipment purchased in transaction d. k. The company paid $1,900 cash for the secretary's wages for this period. Required: 1. Enter the amount of each transaction on individual items of the accounting equation 2. Determine the company's net income Complete this question by entering your answers in the tabs below. Required 1 Required 2 Enter the amount of each transaction on individual items of the accounting equation (Paductions occount balances should be indicated with aminos Assets Labines Equity Cash Account Receivable Supplies Equipment Buliding Accounts Common Payable Dividende Stoch Revenue Prey 20010 NE Check my work 1. Enter the amount of each transaction on Individual items of the accounting equation 2. Determine the company's net Income. Complete this question by entering your answers in the tabs below. Requredi Required 2 Enter the amount of each transaction on individual items of the counting equation Reductions in cont balance should be indicated with a mission AN Cash Account Receivable Dupili Egolema Payable Com BAR Dlvalanche . - + - b. Elnon era and - . Balance after . . + Balanga ford - - + . . Balance after - Balance short O Balance shero h Balance after quipment + Liabilities Accounts Payable Equity Building + Common Stock Dividends Revenues Expenses + ######## +IIIIIITT IIII!!!!!!!!!!! Cash Account Receivable Supplies Equipment Building Accounts Com och + . . b. Balance after a and b G Balance shere d Balance aferd - + . . - + . . . Balance afere + . . . Balance after . . . . Balance after h Balance after h - Balance after . . +++++++ . - Balance after +++- Balance sterk

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