Exercise 1-13 Identifying effects of transactions using the accounting equation P1 Randa Abbas began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Abbas (he owner) completed these traction a. Owner invested S60,000 cash in the company along with equipment that had a S15,000 market value b. The company paid S1,500 cash for rent of office spece for the month. c. The company purchased S10,000 of additional equipment on credit (payment due within 30 days d. The company completed work for a client and immediately collected the $2,500 cash earned 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 g- The company paid an assistant $3,000 cash as wages for the mouth h. The company collected S5,000 cash as a partial payment for the amount owed by the client in transaction e . The company paid S10.000 cash to settle the liability created in transaction c j-Owner withdrew S1,000 cash from the company for personal use beadings for columas: Cash Accounts Receivable Equipt Acceosats Payable R Abs Capal R Ables Wihdwa Rean dENC Exercise 1-13 Identifying effects of transactions using the accounting equation P1 Randa Abbas began a professional practice on June 1 and plans to prepare financial statements at the end of each mouth During June, Abas (the owner) completed these tramacicn a. Owner invested $60,000 cash in the company along with equipment that had a S15.000 market valne. b. The company paid S1,500 cash for reat of office space for the month c. The company purchased $10,000 of additional equipment on credit (paymest due withis 30 days d. The company completed work for a client and immediately collected the $2.500 cash earsed e. The company completed work for a client and seat a bill for S8.000 to be received within 30 days f. The company purchased additional equipmeot for S6.000 cash g. The company paid an assistant 53,000 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 trasacticn e L The company paid S10.000 cash to settle the liability created in transaction e j. Owner withdrew $1.000 cash from the company for persoeal use Required Create a table like the one in Exhibit 1.9, using the following headiags for columas Cash Accousts Receivable, Equipa Acco Pyable R Abas Capial R Abbs Widwal Revsses and Expeen Then use additions and subtractions to show the effects of thltransactions on individsal ites of the accousting ogtion Show aw blces afer each transactio one S0000