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 $66,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock b. The company paid $1,800 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 $2,500 cash earned. e. The company completed work for a client and sent a bill for $8,700 to be received within 30 days. f. The company purchased additional equipment for $6,400 cash. 9. The company paid an assistant $3,900 cash as wages for the month. h. The company collected $4.800 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 $1,500 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 = 1 B. + = D Bal. + + + + + + + + + C. + Bal d. Bal + + + + + + + + + + + + + + e. Bal. f. + + + + + + + + + + + + + + + + + + + + ######### 1 1 1 1 1 1 1 1 1 Bal + + + + + + + + + + + + 9 Bal + + + + + + + + + + + + + + h Bal. i. Bal + Bal