Ming Chen began a professional practice on June 1 and plans to prepare financial statements the end of each more. During Jur Ming Chen (the owner) completed these transactions a. Owner Invested $68,000 cash in the company along with equipment that had a $29.000 market value b. The company paid $2,100 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 $1,600 cash earned. e. The company completed work for a client and sent a bill for $9,000 to be received within 30 days. 1. The company purchased additional equipment for $6,100 cash. g. The company paid an assistant $3,000 cash as wages for the month h. The company collected $5,300 cash 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 transaction c. J. Owner withdrew $1,100 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 bal ainus sign.) Equity Llabilities + Assets M Chen Withdrawals Revenues + M. Chen, Capital Accounts Payable Accounts Receivable + Equipment + Cash - + + + $ 29,000 = 1 + 0 + + 0 68,000 + (2,100) + 65,900 + 0 + 11 0 + 29,000 - + 0 + 11 - 0 +