I. Lopez invests $70,000 cash and office equipment valued at $10,000 in the business. Purchased a…

I. Lopez invests $70,000 cash and office equipment valued at $10,000 in the business. Purchased a $150,000 building to use as an office. Biz paid $20,000 in cash and signed a note payable
promising to pay the $130,000 balance over the next ten years. Purchased office equipment for $15,000 cash. Purchased $1,200 of office supplies and $1,700 of office equipment on credit. Paid a local newspaper $500 cash for printing an announcement of the office's opening. Completed a financial plan for a client and billed that client $2,800 for the service. Designed a financial plan for another client and immediately collected a $4,000 cash fee. Lopez withdrew $3,275 cash for personal use. Received a $1,800 cash payment from the client described in transaction f. Made a $700 cash payment on the equipment purchased in transaction d. Paid $1,800 cash for the office secretary's wages.

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