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Ming Chen started a business and had the following transactions in June. a . Owner invested $ 6 2 , 0 0 0 cash in

Ming Chen started a business and had the following transactions in June.
a. Owner invested $62,000 cash in the company along with $23,000 of equipment 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 $1,800 cash.
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:
Complete the table using additions and subtractions to show the dollar effects of the transactions on individual items of the accounting
equation.
Note: Enter decreases to account balances with a minus sign.
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