Business, 05.09.2019 18:10 ansonhunter8891

Lita lopez started biz consulting, a new business, and completed the following transactions during its first year of operations
(a) lita lopez invests $61,000 cash and office equipment valued at $32,000 in the company.
(b) the company purchased an office suite for $45, 000 cash.
(c) the company purchased office equipment for $5,000 cash.
(d) the company purchased $3,300 of office supplies and $1,800 of office equipment on credit.
(e) the company paid a local newspaper $910 cash for printing an announcement of the office’s opening.
(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 $8,500 cash fee.
(h) lita lopez withdrew $1,400 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 $900 cash on the equipment purchased in transaction d.
(k) the company paid $2,500 cash for the office secretary’s wages for this period.
create a table of cash flow.

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Lita lopez started biz consulting, a new business, and completed the following transactions during i...

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