Ming Chen started a business and had the following transactions in June. a. Owner invested $60,000 cash in the company along with $15,000 of equipment. 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 $2,500 cash. e. The company completed work for a client and sent a bill for $8,000 to be received within 30 days. f. The company purchased additional equipment for $6,000 cash. g. The company paid an assistant $3,000 cash as wages for the month. h. The company collected $5,000 cash as a partial payment for the amount owed by the client in transaction e. i. The company paid $10,000 cash to settle the liability created in transaction c. j. The owner withdrew $1,000 cash from the company for personal use. Required: Complete the table using additions and subtractions to show the dollar effects of the transactions on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Accounts Cash + Receivable = Liabilities + + Equipment = Accounts Payable + M. Chen, Capital Equity M. Chen, Withdrawals + Revenues a. + + + + b. + + = + + Balance after a and b + + = + + + C. Balance after c + d. + Balance after d e. Balance after e f. Balance after f g. Balance after g h. Balance after h i. + + + + + + + + + + Balance after i + |j. + Balance after j + ++++++++++++++++ = + + = + + = + + = + = + = + = + = + + + + + + = + + = + + = + + = + + = + + = + + = + + + + - Expenses