Problem 1-8A Analyzing transactions and preparing financial statements L06, 7, 8 George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2020. Litilechild invested $230,000 cash and office equipment valued at $34.000 in the business b Purchased a small building for $740,000 to be used as an office. Pald $170,000 in cash and signed a note payable promising to pay the balance over several years c. Purchased $1.400 ol office supplies for cash d Purchased $86.000 of office equipment on credil e littlechild made reservations al a hotel hosting a kitchen and bath design conference in August 2020. He will send a $2.400 deposit on July 1 2020. f. Completed a project on credit and billed the client $6,600 for the work g. Paid a local online newspaper $4.900 for an announcement that the office had opened h Completed a project for a client and collected $5.400 cash i Made a $5.400 payment on the equipment purchased in (d) j. Received $3200 from the client desaibed in ) k. Paid $9.800 cash for the office secretary's wages Litlicchild withdrew $5,000 cash from the company bank account to pay personal living expenses Required: 1. & 2. Complete the following inble. Use additions and subtractions to show the transactions effects on the elements of the equation For each change in cquity, select whether the change was caused by an investment a levenue, an expense, or a withdrawal Determine the final total for each item and verify that the equation is in balance (Enter all amounts os positive values If the transaction/event does not affect equity or do not require a journal entry select "No Affect on Equity" in the 'Explanation of transaction field.)