Assets | Liabilities | Equity | |||||||||||||||||
Accounts | Office | Office | Accounts | Common | |||||||||||||||
Cash | + | Receivable | + | Supplies | + | Equipment | + | Office Suite | = | Payable | + | Stock | - | Dividends | + | Revenue | - | Expenses | |
a. | $ 67,000 | + | + | + | $ 31,000 | + | = | + | $ 98,000 | - | + | - | |||||||
b. | $ (42,000) | + | + | + | + | $ 42,000 | = | + | - | + | - | ||||||||
Bal. | $ 25,000 | + | $ - | + | $ - | + | $ 31,000 | + | $ 42,000 | = | $ - | + | $ 98,000 | - | $ - | + | $ - | - | $ - |
c. | $ (5,600) | + | + | + | $ 5,600 | + | = | + | - | + | - | ||||||||
Bal. | $ 19,400 | + | $ - | + | $ - | + | $ 36,600 | + | $ 42,000 | = | $ - | + | $ 98,000 | - | $ - | + | $ - | - | $ - |
d. | + | + | + | $ 3,100 | + | $ 1,900 | = | $ 5,000 | + | - | + | - | |||||||
Bal. | $ 19,400 | + | $ - | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 5,000 | + | $ 98,000 | - | $ - | + | $ - | - | $ - |
e. | $ (930) | + | + | + | + | = | + | - | + | - | $ (930) | ||||||||
Bal. | $ 18,470 | + | $ - | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 5,000 | + | $ 98,000 | - | $ - | + | $ - | - | $ (930) |
f. | + | $ 4,100 | + | + | + | = | + | - | + | $ 4,100 | - | ||||||||
Bal. | $ 18,470 | + | $ 4,100 | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 5,000 | + | $ 98,000 | - | $ - | + | $ 4,100 | - | $ (930) |
g. | $ 8,500 | + | + | + | + | = | + | - | + | $ 8,500 | - | ||||||||
Bal. | $ 26,970 | + | $ 4,100 | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 5,000 | + | $ 98,000 | - | $ - | + | $ 12,600 | - | $ (930) |
h. | $ (1,000) | + | + | + | + | = | + | - | $ (1,000) | + | - | ||||||||
Bal. | $ 25,970 | + | $ 4,100 | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 5,000 | + | $ 98,000 | - | $ (1,000) | + | $ 12,600 | - | $ (930) |
i. | $ 3,100 | + | $ (3,100) | + | + | + | = | + | - | + | - | ||||||||
Bal. | $ 29,070 | + | $ 1,000 | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 5,000 | + | $ 98,000 | - | $ (1,000) | + | $ 12,600 | - | $ (930) |
j. | $ (950) | + | + | + | + | = | $ (950) | + | - | + | - | ||||||||
Bal. | $ 28,120 | + | $ 1,000 | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 4,050 | + | $ 98,000 | - | $ (1,000) | + | $ 12,600 | - | $ (930) |
k. | $ (2,400) | + | + | + | + | = | + | - | + | - | $ (2,400) | ||||||||
Bal. | $ 25,720 | + | $ 1,000 | + | $ - | + | $ 39,700 | + | $ 43,900 | = | $ 4,050 | + | $ 98,000 | - | $ (1,000) | + | $ 12,600 | - | $ (3,330) |
Problem 1-8A Analyzing effects of transactions LO C4, P1, P2, A1 Lita Lopez started Biz Consulting,...
Problem 1-8A Analyzing effects of transactions LO C4, P1, P2, A1 Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $61,000 cash and office equipment valued at $33,000 in the company. b. The company purchased an office suite for $43,000 cash. c. The company purchased office equipment for $5,200 cash. d. The company purchased $3,000 of office supplies and $1,600 of office equipment on credit. e....
Problem 1-8A Analyzing effects of transactions LO C4, P1, P2, A1 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 $38.000 in the company b. The company purchased an office suite for $44,000 cash. c. The company purchased office equipment for $5,100 cash. d. The company purchased $3,000 of office supplies and $1,200 of office equipment on credit. e....
Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. o. Lita Lopez invested $66,000 cash and office equipment valued at $30,000 in the company b. The company purchased an office suite for $44,000 cash. c. The company purchased office equipment for $5.700 cash. d. The company purchased $3,700 of office supplies and $1,400 of office equipment on credit e. The company paid a local newspaper $870 cash for printing an...
Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $65,000 cash and office equipment valued at $38,000 in the company in exchange for its common stock b. The company purchased an office suite for $40,000 cash C. The company purchased office equipment for $5,900 cash d. The company purchased $3,500 of office supplies and $1,600 of office equipment on credit e. The company paid a local...
Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations a. Llta Lopez invested $70,000 cash and office equipment valued at $10,000 in the company b. The company purchased an ofmice suite for $40,000 cash. C. The company purchased orice equipment for $15,000 cash. d. The company purchased $1,200 of otmice supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $500 cash for printing an...
10. Award: 2.00 points Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $81,000 cash and office equipment valued at $37.000 in the company in exchange for its common stock. b. The company purchased an office suite for $47.000 cash. c. The company purchased office equipment for $5.600 cash. d. The company purchased $3.400 of office supplies and $1,200 of office equipment on credit e. The...
Problem 1-8A Analyzing effects of transactions LO P1, A1 Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $60,000 cash and office equipment valued at $33,000 in the company in exchange for its common stock. b. The company purchased an office suite for $40,000 cash. c. The company purchased office equipment for $5,400 cash. d. The company purchased $3,900 of office supplies and $1,400 of office...
Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $61,000 cash and office equipment valued at $37,000 in the company in exchange for its common stock. b. The company purchased an office suite for $47,000 cash. c. The company purchased office equipment for $5,600 cash. d. The company purchased $3,400 of office supplies and $1,200 of office equipment on credit. e. The company paid a local...
Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $70,000 cash and office equipment valued at $10,000 in the company. b. The company purchased an office suite for $40,000 cash. c. The company purchased office equipment for $15,000 cash. d. The company purchased $1,200 of office supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $500 cash for printing an announcement of the office's opening. f....
Lita Lopez start Help Save & Exit Submit Check my work Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $70,000 cash and office equipment valued at $10,000 in the company. b. The company purchased an office suite for $40,000 cash. c. The company purchased office equipment for $15,000 cash. e company purchased $1,200 of office supplies and $1,700 of office equipment on credit O cash...