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 $62,000 cash in the company along with equipment that had a $23,000 market value in exchange for its common stock b. The company paid $1,900 cash for rent of office space for the month. c. The company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected the $1,800 cash earned. e. The company completed work for a client and sent a bill for $8,100 to be received within 30 days, f. The company purchased additional equipment for $6,800 cash. g. The company paid an assistant $3,800 cash as wages for the month. h. The company collected $4,100 cash as a partial payment for the amount owed by the client in transaction e i. The company paid $15,000 cash to settle the liability created in transaction c. J. The company paid $1,000 cash in dividends to the owner (sole shareholder) Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Liabilities . Equity Cash + Accounts Receivable + Equipment - Accounts Payable Common Stock Dividends Revenues - Expenses a. . . . 11 b. + + + + Bal. 0 + 0 + 0 = + 10 0 +10 -10 0 C + + + Bal 0 0 + 0 0 + 0 0 0 0 + Bal. + 0 0 + 0 0 0 + 0 10 + + + + 0 + Bal. + 10 0 0 0 + 0 0 + 1. + 0 + 0 0 - 0 + 0 Bal 0 0 + 0 + + + + g 0 0 + 0 Bal. 0 + 0 0 + 0 IE + + + h. + 0 0 0 - 0 0 - 0 + 0 0 + + Bal 1. + 0 0 + 0 0 0 - 0 0 Bal. 0 + + + - + + + 0 $ 0 0 0 $ $ 0 0 $ 0 $ $ $ + . $ Bal