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

a$.$ Lita Lopez invested $$67,000$ cash and equipment valued at $$31,000$ in the company.

b$.$ The company purchased a building for $$45,000$ cash.

c$.$ The company purchased equipment for $$5,700$ cash.

d$.$ The company purchased $$3,700$ of supplies and $$1,100$ of equipment on credit.

e$.$ The company paid $$920$ cash for advertising expenses.

f$.$ The company completed a financial plan for a client and billed that client $$4,900$ for the service.

g$.$ The company designed a financial plan for another client and immediately collected a $$8,900$ cash fee.

h$.$ L$.$ Lopez withdrew $$1,300$ cash from the company for personal use.

i$.$ The company received $$3,900$ cash as partial payment from the client described in transaction $f.$

j$.$ The company made a partial payment of $$550$ cash on the equipment purchased in transaction $d.$

k$.$ The company paid $$2,300$ cash for the secretary$\text{'}$s wages for this period.

Required:

Enter the amount of each transaction on individual items of the accounting equation.

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

Lita Lopez invested $$67,000$ cash and equipment valued at $$31,000$ in the company.

The company purchased a building for $$45,000$ cash.

The company purchased equipment for $$5,700$ cash.

The company purchased $$3,700$ of supplies and $$1,100$ of equipment on credit.

The company paid $$920$ cash for advertising expenses.

The company completed a financial plan for a client and billed that client $$4,900$ for the service.

The company designed a financial plan for another client and immediately collected a $$8,900$ cash fee.

L$.$ Lopez withdrew $$1,300$ cash from the company for personal use.

The company received $$3,900$ cash as partial payment from the client described in transaction f$.$

The company made a partial payment of $$550$ cash on the equipment purchased in transaction d$.$

The company paid $$2,300$ cash for the secretary$$s wages for this period.Complete this question by entering your answers in the tabs below.

Required $1$

Enter the amount of each transaction on individual items of the accounting equation.

Note: Reductions in account balances should be indicated with a minus sign.

$\backslash$table$[[,,,,,$Assets,,,,,,Liabilities,,,,,Equi,,,$],[,$Cash,$+,\backslash$table$[[$Accounts$],[$Receivable$]],+,$Supplies,$+,$Equipment,$+,$Building,$=,\backslash$table$[[$Accounts$],[$Payable$]],+,\backslash$table$[[$L$.$ Lopez,$],[$Capital$]],-,\backslash$table$[[$L$.$ Lopez,$],[$Withdrawals$]],+,$Revenues,$-,$Expenses$],[$a$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$b$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after a and $b,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$c$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after c$,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$d$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after $d,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$e$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after e$,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$f$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after $f,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$g$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after $g,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[h.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after $h,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$i$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after i$,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$j$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after j$,0,+,0,+,0,+,0,+,0,=,0,+,0,-,0,+,0,-,0],[$k$.,,+,,+,,+,,+,,=,,+,,-,,+,,-,],[$Balance after k$,$$$,+,$$$,+,$$$,+,$$$,+,$$$,$

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