OOO Ming Chand www.th the 2.300 The company work wa they recomputed a $100 The comprend The com 000 W Regled Com werde stan De www - Ming Chen started a business and had the following transactions in June a Owner invested 559,000 cash in the company along with $13,000 of equipment in exchange for its common stock b. The company paid $2,300 cash for rent of office space for the month c The company purchased $11,000 of additional equipment on credit (payment due within 30 days) d. The company completed work for a client and immediately collected $2,700 cash e. The company completed work for a client and sent a bill for $8.500 to be received within 30 days The company purchased additional equipment for $6,500 cash 9. The company paid an assistant $3,000 cash as wages for the month h. The company collected 54,700 cash as a partial payment for the amount owed by the client in transaction The company paid $11.000 cash to settle the liability created in transaction The company paid $1700 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.) Liabilities Equity Ats Accounts Receivable Casti Equipment Accounts Payable Connon Stock Dividends Revenues Expenses + - - Balance after and b 0 0 D- 0 . 0 - - 0 0 0 - 0 + + ol Balach were d Balansera O . 0 0 - 0 0 - 0 0 0 - - balancere D 0 - 0 0. 0 0 - Balance 0. 0 0 0 a. al 0 0- O 0- - 0 0 Balance Ih Balance O 0. D 0 0 - 0 o 0 Balance after 0 0- 0- 0 0 - Lanch 5 . 0 - 5 0 5 - 5 S OOO Ming Chand www.th the 2.300 The company work wa they recomputed a $100 The comprend The com 000 W Regled Com werde stan De www - Ming Chen started a business and had the following transactions in June a Owner invested 559,000 cash in the company along with $13,000 of equipment in exchange for its common stock b. The company paid $2,300 cash for rent of office space for the month c The company purchased $11,000 of additional equipment on credit (payment due within 30 days) d. The company completed work for a client and immediately collected $2,700 cash e. The company completed work for a client and sent a bill for $8.500 to be received within 30 days The company purchased additional equipment for $6,500 cash 9. The company paid an assistant $3,000 cash as wages for the month h. The company collected 54,700 cash as a partial payment for the amount owed by the client in transaction The company paid $11.000 cash to settle the liability created in transaction The company paid $1700 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.) Liabilities Equity Ats Accounts Receivable Casti Equipment Accounts Payable Connon Stock Dividends Revenues Expenses + - - Balance after and b 0 0 D- 0 . 0 - - 0 0 0 - 0 + + ol Balach were d Balansera O . 0 0 - 0 0 - 0 0 0 - - balancere D 0 - 0 0. 0 0 - Balance 0. 0 0 0 a. al 0 0- O 0- - 0 0 Balance Ih Balance O 0. D 0 0 - 0 o 0 Balance after 0 0- 0- 0 0 - Lanch 5 . 0 - 5 0 5 - 5 S
