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Please help ASAP!!! Isabel Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations a. I. Lopez
Please help ASAP!!! Isabel Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations a. I. Lopez invests $69,000 cash and office equipment valued at $37,000 in the company in exchange for its common stock b. The company purchased a $309,000 building to use as an office. Biz paid $41,000 in cash and signed a note payable promising to pay the $268,000 balance over the next ten years. c. The company purchased office equipment for $5,400 cash. d. The company purchased $3,500 of office supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $960 cash for printing an announcement of the office's opening. f. The company completed a financial plan for a client and billed that client $4,200 for the service g. The company designed a financial plan for another client and immediately collected an $8.100 cash fe h. The company paid $1,600 cash in dividends to the owner . The company received $3.200 cash as partial payment from the client described in transaction f payment of $850 cash on the equipment purchased in transaction d k. The company paid $2.400 cash for the office secretary's wages for this period. Required: 2. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.) Assets Office Office Accounts
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