Question: Analyzing transactions Using Acceunting Equation LIy Zhang started a new business on January 1, 2017 called Thang Consulting. She develops financial investment plans for young
Analyzing transactions Using Acceunting Equation LIy Zhang started a new business on January 1, 2017 called Thang Consulting. She develops financial investment plans for young adults. During the business's first year of operations, the following activities occurred: a. Zhang imvested $120,000 cash and office equipment valued at $10.000 in the business. b. Purchased a small builing for $240,000 be be used as an office. Paid $50,000 in cash and signed a note payable promising to pay the balance over several years. c. Purchased $18,000 of office equipment for cash. d. Purchased $4,000 of office supplies and $6,400 of office equipment on credit. e. Paid a local online newspaper $4.500 cash for advertising an announcement that the office had coened. f. Completed a financial plan on credit and billed the dient $6000 for the service. 9. Zhang withdrew $5,500 cash from the compary bank account to pay personal expenses. h. Received $4,000 trom the dient described in (f). Required Compete the Solution Template
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