Assets | Liabilities | Equity | |||||||||||||||||
Cash | + | Accounts receivables | + | Office supplies | + | Office equipment | + | Office suite | = | Accounts payable | + | L. Lopez, Capital | - | L. Lopez, Withdrawals | + | Revenue | - | Expenses | |
a. | $ 61,000 | + | + | + | $ 37,000 | + | = | + | $ 98,000 | - | + | - | |||||||
b. | $ -47,000 | + | + | + | + | $ 47,000 | = | + | - | + | - | ||||||||
Bal | $ 14,000 | + | $ - | + | $ - | + | $ 37,000 | + | $ 47,000 | = | $ - | + | $ 98,000 | - | $ - | + | $ - | - | $ - |
c. | $ -5,600 | + | + | + | $ 5,600 | + | = | + | - | + | - | ||||||||
Bal | $ 8,400 | + | $ - | + | $ - | + | $ 42,600 | + | $ 47,000 | = | $ - | + | $ 98,000 | - | $ - | + | $ - | - | $ - |
d. | + | + | $ 3,400 | + | $ 1,200 | + | = | $ 4,600 | + | - | + | - | |||||||
Bal | $ 8,400 | + | $ - | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,600 | + | $ 98,000 | - | $ - | + | $ - | - | $ - |
e. | $ -810 | + | + | + | + | = | + | - | + | - | $ 810 | ||||||||
Bal | $ 7,590 | + | $ - | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,600 | + | $ 98,000 | - | $ - | + | $ - | - | $ 810 |
f. | + | $ 4,500 | + | + | + | = | + | - | + | $ 4,500 | - | ||||||||
Bal | $ 7,590 | + | $ 4,500 | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,600 | + | $ 98,000 | - | $ - | + | $ 4,500 | - | $ 810 |
g. | $ 8,800 | + | + | + | + | = | + | - | + | $ 8,800 | - | ||||||||
Bal | $ 16,390 | + | $ 4,500 | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,600 | + | $ 98,000 | - | $ - | + | $ 13,300 | - | $ 810 |
h. | $ -1,100 | + | + | + | + | = | + | - | $ 1,100 | + | - | ||||||||
Bal | $ 15,290 | + | $ 4,500 | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,600 | + | $ 98,000 | - | $ 1,100 | + | $ 13,300 | - | $ 810 |
i. | $ 3,500 | + | $ -3,500 | + | + | + | = | + | - | + | - | ||||||||
Bal | $ 18,790 | + | $ 1,000 | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,600 | + | $ 98,000 | - | $ 1,100 | + | $ 13,300 | - | $ 810 |
j. | $ -600 | + | + | + | + | = | $ -600 | + | - | + | - | ||||||||
Bal | $ 18,190 | + | $ 1,000 | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,000 | + | $ 98,000 | - | $ 1,100 | + | $ 13,300 | - | $ 810 |
k. | $ -1,800 | + | + | + | + | = | + | - | + | - | $ 1,800 | ||||||||
Bal | $ 16,390 | + | $ 1,000 | + | $ 3,400 | + | $ 43,800 | + | $ 47,000 | = | $ 4,000 | + | $ 98,000 | - | $ 1,100 | + | $ 13,300 | - | $ 2,610 |
Note: Give attention to negative signs. | |||||||||||||||||||
Net Income | = | Revenue | - | Expenses | |||||||||||||||
= | $ 13,300 | - | $ 2,610 | ||||||||||||||||
= | $ 10,690 |
10. Award: 2.00 points Lita Lopez started Biz Consulting, a new business, and completed the following...
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...
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. 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 $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....
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 $67,000 cash and office equipment valued at $31,000 in the company in exchange for its common stock b. The company purchased an office suite for $42.000 cash C. The company purchased office equipment for $5.600 cash d. The company purchased $3,100 of office supplies and $1.900...
Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. Lita Lopez invested $68,000 cash and office equipment valued at $31,000 in the company in exchange for its common stock. The company purchased an office suite for $48,000 cash. The company purchased office equipment for $5,100 cash. The company purchased $3,700 of office supplies and $1,900 of office equipment on credit. The company paid a local newspaper $920 cash for printing...
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 $36,000 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 $6,000 cash. d. The company purchased $3.500 of office supplies and $1,300 of office equipment on credit. e. The company paid a local...
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....
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...