a. Owner invested $60,000 cash in the company along with $15,000 of equipment. b. The company paid $1,500 cash for rent of office space for the month. c. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected $2,500 cash. e. The company completed work for a client and sent a bill for $8,000 to be received within 30 days. f. The company purchased additional equipment for $6,000 cash. 9. The company paid an assistant $3,000 cash as wages for the month. h. The company collected $5,000 cash as a partial payment for the amount owed by the client in transaction e. 1. The company paid $10,000 cash to settle the liability created in transaction c. j. The owner withdrew $1,000 cash from the company for personal use. Required: Complete the table using additions and subtractions to show the dollar effects of the transactions on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Liabilities Accounts Payable Accounts Receivable Cash Equity M. Chen, Withdrawals + Equipment M. Chen, Capital Revenues Expenses a. $ + $ 15,000 + - 11 b. 60,000 + (1,500) + 58,500 + + + + 0 + + 0 0 + 0 0 + + Balance after a and b C. Balance after c d. Balance after d 15,000 = 10,000 = 25,000 = 0 10,000+ 10,000 + 0 + 0 0 + 0 58,500 + 2,500 + 61,000 + + + + 25,000 11 10,000 + 0 0 + 0 0 e. + 0 8,000 + 8,000 11 + + + 10,000 + 0 0 + 0 0 + 25,000 = 6,000 = 31,000 = + 8,000 + 10,000 + 0 0 + 0 0 Balance after e f. Balance after f 9. Balance after 9 h. Balance after h + + 31,000 = 10,000 + 0 0 + 0 61,000 + (6,000) + 55,000 + (3,000) + 52,000 + 5,000 + 57,000 + (10,000) + 47,000 + (1,000) + 46,000+ 8,000 + (5,000) 3,000 + + + 31,000 = 10,000 + 0 0 + 0 0 i. + 11 + 3,000 + 31,000 10,000 + 0 0 + 0 0 Balance after i j. Balance after = = + + + $ S 3,000 + $ 31,000 = $ 10,000 + $ 0 $ 0 + $ 0 S 0