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

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

  

a.	I. Lopez invests $68,000 cash and office equipment valued at $33,000 in the company.
b.	The company purchased a $304,000 building to use as an office. Biz paid $42,000 in cash and signed a note payable promising to pay the $262,000 balance over the next ten years.
c.	The company purchased office equipment for $5,900 cash.
d.	The company purchased $3,200 of office supplies and $1,200 of office equipment on credit.
e.	The company paid a local newspaper $980 cash for printing an announcement of the office’s opening.
f.	The company completed a financial plan for a client and billed that client $5,000 for the service.
g.	The company designed a financial plan for another client and immediately collected an $8,300 cash fee.
h.	Lopez withdrew $1,300 cash from the company for personal use.
i.	The company received $4,000 cash as partial payment from the client described in transaction f.
j.	The company made a partial payment of $600 cash on the equipment purchased in transaction d.
k.	The company paid $2,100 cash for the office secretary’s wages for this period.

  

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