Hao Lee, the owner, invested $120,000 cash, office equipment with a value of $10,000, and $70,000 of drafting equipment to launch the company. The company purchased land worth $54,000 for an office by paying $13.300 cash and signing a long-term note payable for $40,700 The company purchased a portable building with $50,000 cash and moved it onto the land acquired on June 2 The company paid $6,000 cash for the premium on an 18- month insurance policy The company completed and delivered a set of plans for a client and collected $10,200 cash, The company purchased $26,000 of additional drafting equipment by paying $14.500 cash and signing a long-term note payable for $11.500. The company completed $22,000 of engineering services for a client. This amount is to be received in 30 days. The company purchased $1,650 of additional office equipment on credit The company completed engineering services for $24,000 on credit The company received a bill for rent of equipment that was used on a recently completed job. The $1,800 rent cost must be paid within 30 days. The company collected $11,000 cash in partial payment from the client billed on June 9. The company paid $2,000 cash for wages to a drafting assistant The company paid $1,650 cash to settle the account payable created in on June 8. The company paid $1,175 cash for minor repairs of its drafting equipment Hao Lee withdrew $9.680 cash from the company for personal use. The company paid $2,000 cash for wages to a drafting assistant The company paid $2,900 cash for advertisements on the web during June Total change in equity + Transaction Hao Lee, the owner, invested $120,000 cash, office equipment with a value of $10,000, and $70,000 of drafting equipment to launch the company The company purchased land worth $54,000 for an office by paying $13,300 cash and signing a long-term note payable for $40,700 The company purchased a portable building with $50,000 cash and moved it onto the land acquired on June 2 The company paid $6,000 cash for the premium on an 18- month insurance policy. The company completed and delivered a set of plans for a client and collected $10,200 cash. The company purchased $26,000 of additional drafting equipment by paying $14,500 cash and signing a long-term note payable for $11.500. The company completed $22,000 of engineering services for a client. This amount is to be received in 30 days. The company purchased $1,650 of additional office equipment on credit. The company completed engineering services for $24,000 on credit. The company received a bill for rent of equipment that was used on a recently completed job. The $1,800 rent cost must be paid within 30 days. The company collected $11,000 cash in partial payment from the client billed on June 9 The company paid $2,000 cash for wages to a drafting assistant The company paid $1,650 cash to settle the account payable created in on June 8. The company paid $1,175 cash for minor repairs of its drafting equipment Hao Lee withdrew $9,680 cash from the company for personal use. The company paid $2,000 cash for wages to a drafting assistant The company paid $2,900 cash for advertisements on the web during June Total change in equity Increased equity - Revenue Increased equity - Owner investment Decreased equity - Expense Decreased equity No change in equity Owner withdrawals S