Ming Chen started a business and had the following transactions in June.

1. Owner invested $66,000 cash in the company along with $15,000 of equipment in exchange for its common stock.
2. The company paid $1,800 cash for rent of office space for the month.
3. The company purchased $15,000 of additional equipment on credit (payment due within 30 days).
4. The company completed work for a client and immediately collected $2,500 cash.
5. The company completed work for a client and sent a bill for $8,700 to be received within 30 days.
6. The company purchased additional equipment for $6,400 cash.
7. The company paid an assistant $3,900 cash as wages for the month.
8. The company collected $4,800 cash as a partial payment for the amount owed by the client in transaction e.
9. The company paid $15,000 cash to settle the liability created in transaction c.
10. The company paid $1,500 cash in dividends to the owner (sole shareholder).

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