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On the 2nd and 3rd picture, the last column says expenses. Lita Lopez started Biz Consulting a new business, and completed the following transactions during
On the 2nd and 3rd picture, the last column says expenses. Lita Lopez started Biz Consulting a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested $62,000 cash and office equipment valued at $37.000 in the company. b. The company purchased an office suite for $44,000 cash. c. The company purchased office equipment for $5,900 cash d. The company purchased $3,600 of office supplies and $1,300 of office equipment on credit e. The company paid a local newspaper $820 cash for printing an announcement of the office's opening f. The company completed a financial plan for a client and billed that client $4,400 for the service, g. The company designed a financial plan for another client and immediately collected a $8,200 cash fee h. Lita Lopez withdrew $1,500 cash from the company for personal use i. The company received $3,400 cash as partial payment from the client described in transaction f J. The company made a partial payment of $650 cash on the equipment purchased in transaction d. k. The company paid $1600 cash for the office secretary's wages for this period. Accounts Recevable Assets Office Supplies Office Equipment Office Suite atid Accounts Payable Lloper, Capital Equity I loper. . a + . + . . . Bal . . . . c + + Bat . + d Bal + . . . Bal + -+-+-+-+-+ . . Bal + + 9 Bal + h Check my work Bal + c + -- +- + Bal + ---- + d + Bal + 0. Bal + + + Bal + g Bal . + + h + + Bal + i Bal + + + 1 Bal K Bal
On the 2nd and 3rd picture, the last column says expenses.
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