Saved Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions, a. Owner invested $68,000 cash in the company along with equipment that had a $19,000 market value 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 $13,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected the $2,800 cash earned. e. The company completed work for a client and sent a bill for $7,800 to be received within 30 days, 1. The company purchased additional equipment for $6,600 cash. 9. The company pald an assistant $2,000 cash as wages for the month, h. The company collected $6,000 cash as a partial payment for the amount owed by the client in transaction e. L. The company paid $13,000 cash to settle the liability created in transaction J. The company paid $1,300 cash in dividends to the owner (sole shareholder). Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) cos Assets Liabilities Equity Cash Accounts Receivable Equipment - Accounts Payable Common Stock Dividends a. + Revenues - Expenses b. + + Bal 0 . C. Ol ...... 0 . 0 0 + 0 0 Bal 0 0 . d. 0 + . O + 0 Bal 0 0 0 . . 0 0 0 0. Bal + 0 0 0 + 0 . 0 0 0 - 0 + 0 - 0 0 0 . 0= 0 0 Bal 9 Bal h 0 0 0 * 0 0 0 + 0 0 0 - . 0 Bal 0 0 0 + 0 0 0 - L Bal. 0 0 0 0 0 + 0 0 . 0 + 0 0 Bal 0 $ . 01 $ 0 - $ 0 $ 0 $ 0 $ 0. $ - 5 0