Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. a. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. 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 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 1. The company purchased additional equipment for $6,000 cash. 9. The company paid on assistant $3,000 cash as wages for the month. h. The company collected $5,000 cosh 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 transactional J. Owner withdrew $1,000 cash from the company for personal use. Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) oces Assets Liabilities Equity M. Chen, Withdrawals Cash Accounts Receivable Equipment - Accounts Payable M. Chen, Capital Revenues Expenses a . + b Bal . . Bal . + 11 d + +