Ming Chen started a business and had the following transactions in June. a. Owner invested $61,000 cash in the company along with $13,000 of equipment in exchange for its common stock b. The company paid $3,000 cash for rent of office space for the month c. The company purchased $18,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected $1,600 cash. e. The company completed work for a client and sent a bill for $8,500 to be received within 30 days. f. The company purchased additional equipment for $5,100 cash. g. The company paid an assistant $2,000 cash as wages for the month, h. The company collected $5,700 cash as a partial payment for the amount owed by the client in transaction e. 1. The company paid $18,000 cash to settle the liability created in transaction J. The company paid $1,400 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 (Enter decreases to account balances with a minus sign.) Llabilities Equity Assets Accounts Cash - Equipment Payable Recolvable Accounts Common Stock Dividends Revenues II ++++ ++++ 0 !!!!! ++ 0 ++ 0 b. 0 0 + after a and b Wunscaunchuriahttps%253A9 ect Assignment 2F%252Fims.meduca. * Saved Help Save & Exit Submit Check my work Assets Liabilities Equity Cash Accounts Receivable Equipment - Accounts Payable 4 Common Stock Dividends Revenues a. + + b. + + Balance after a and b 0 + 0 + 0 = 0+ 0 0 + C L 0 + 0 0 0 + 0 0 0 + + Balance after o d. Balance after a + 0 0 0 0 0 0 + + + e. Balance after e 0 0 + + 0 0 0 . . f. 0 0 0 + 0 0 0 + . Balance after . + + 0 0+ 0 0 0 0 0 + 0 0 + 0 0 + 0 0 + 0 ##### + 0. 0 + g Balance after g h. Balance after h 1. Balance after i j Balance after 0 0 0 0 + $ 0 0 + $ + $ + 0 + $ 01 $ 0 + $ O + $ Next oc 00 Liabilities + Equity pment Accounts Payable + Common Stock Dividends + Revenues Expenses IT + + 1 IN + - + o 0 + 0 0 + 0 = = - + TITI III 0 11 0 + 0 0 + 0 0 + - + - 0 0 + 0 - 0 + 0 0 I 1 11 - + + 0 0 + 0 0 + 0 0 II + + 0 0 0 0 0 + 0 + II TI 11 + - + 0 + 0 0 0 11 11 11 - 0 0 + = + - + 0 + 0 0 0 0 - = 0 + + 1 + IL 0 0 + 0 0 IIIII 0 0 + 11 + + 0 0 $ $ $ o 0 + $ $ 0 0 +