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Please help me with this ASAP Complete the following exercise on textbook p35, and upload your answers below. Your answer should look like the table
Please help me with this ASAP
Complete the following exercise on textbook p35, and upload your answers below. Your answer should look like the table on textbook p20. Lita Lopez started Biz Consalting, a new business. and completed the following transactions during its Problem 1-8A firs year of operations. Analyaing ettects of a. Lia Loper invested $70000 cash and office equipment valued at $10.000 in the company. transactions b. The company purchased an office suite for $40,000 cash. c. The company purchased office eqaiparent for $15,000 eash. d. The enmeny purchased $1,200 of affice supplies and $1,700 of oflice equipment on credit. e. The company paid i leal newspeper $500 cash for printing an announcement of the office's opening. 4. The company completed a financial plan for a clieat and billed that chent $2.800 for the service. 9. The company designod a financial plan for another client and immediately collected a $4,000 cash fee. h. Lita Loper widdrew $3,275 cadh froa the company for personal use. 4. The conpany roccived Si.8lo cath as partial payment feom the client described in transuction f. J. The company made a partial payment of $700 cash on the equipmeat purchased in transaction d. k. The company paid $1,800 cash for the office secretary's wages for this period. Required 1. Creste the following table similar to the one in Exhibit 1.9. Qse additions and subtractions within the table to show the dollar effects of cach transaction on ind- videal items of the accounting equation. Show new balances after each transiction. 2. Derernine the company is nes incomeStep by Step Solution
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