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Ming Chen started a business and had the following transactions in June. Owner invested $ 6 0 , 0 0 0 cash in the company
Ming Chen started a business and had the following transactions in June. Owner invested $ cash in the company along with $ of equipment in exchange for its common stock. The company paid $ cash for rent of office space for the month. The company purchased $ of additional equipment on credit payment due within days The company completed work for a client and immediately collected $ cash. The company completed work for a client and sent a bill for $ to be received within days. The company purchased additional equipment for $ cash. The company paid an assistant $ cash as wages for the month. The company collected $ cash as a partial payment for the amount owed by the client in transaction e The company paid $ cash to settle the liability created in transaction c The company paid $ 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.
Ming Chen started a business and had the following transactions in June.
Owner invested $ cash in the company along with $ of equipment in exchange for its common stock.
The company paid $ cash for rent of office space for the month.
The company purchased $ of additional equipment on credit payment due within days
The company completed work for a client and immediately collected $ cash.
The company completed work for a client and sent a bill for $ to be received within days.
The company purchased additional equipment for $ cash.
The company paid an assistant $ cash as wages for the month.
The company collected $ cash as a partial payment for the amount owed by the client in transaction e
The company paid $ cash to settle the liability created in transaction c
The company paid $ 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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