e Ming Chen started a business and had the following transactions in June. a. Owner invested $59,000 cash in the company along with $26,000 of equipment. b. The company paid $2,300 cash for rent of office space for the month. c. The company purchased $17,000 of additional equipment on credit (payment due within 30 days) d. The company completed work for a client and immediately collected $2,100 cash. The company completed work for a client and sent a bill for $7,600 to be received within 30 days, f. The company purchased additional equipment for $7,000 cash. g. The company pald an assistant $3,100 cash as wages for the month. h. The company collected $4,400 cash as a partial payment for the amount owed by the client in transaction e 1. The company paid $17,000 cash to settle the liability created in transaction The owner withdrew $1,200 cash from the company for personal use. Required: Complete the table using additions and subtractions to show the dollar effects of the transactions on individualite equation. (Enter decreases to account balances with a minus sign.) Assets Llabilities Equity Cash Accounts Rocelvable Equipment Accounts Payable M. Chen, Capital M Chen, Withdrawals Revenues ME b Bal 0 + 0 0 0 0 Bal 0 + 0 0 OUT 0 0 0 TELE d Bal 0 011 0 0 + 011- 0 equation. (emer uecreases to account cances win a minus sign. 4 Acomunta Relate 20 points Account Payable M. Cher Equity Chan With . + + b + + BOG Bal 0 0 + 0 0 + 0 U + 0 0 C . + . Bal 0 + +10 0 References + 10 0- 0+ O 0 d + Bal 0 . 0 . 0 0 . 10 -O 0 + + . Bal 0 + 0 OL- 10 0 - 0. D 0 . Bal 0 . 0 + 0 +10 0 0 . 0 0 + + 9 Bal 0 . 0 0 0 + 0 ol D D h. . + Bal + 0 0 0 0 + -10 0 0 0 . + +++ Bal 0 0 . 0 0 + 0 0 0 0 1 0 $ Bal $ $ 0. 0 $ 0 0 $ $ 4 0 $ . O 0