stock 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 $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common b. The company paid $1.500 cash for rent of office space for the month. c. The company purchased $10,000 of additional equipment on credit (payment due within 30 days) d. The company completed work for a client and immediately collected the $2,500 cash earned. e. The company completed work for a client and sent a bill for $8,000 to be received within 30 days 1 The company purchased additional equipment for $6,000 cash g. The company paid an assistant $3,000 cash as wages for the month. h. The company collected $5,000 cash as a partial payment for the amount owed by the client in transaction e The company paid $10,000 cash to settle the liability created in transactionc J. The company paid $1.000 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.) Assets Llabilities + Equity Cash Accounts Receivable Equipment Accounts Payable Common Stock Dividends Revenues Expenses Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Liabilities Equity Cash Accounts Receivable Equipment Accounts Payable Common Stock Dividends Revenues Expenses a + + b + + Bal C + Bal + + d. + Bal + e + Bal + + Bal 9 + b. Bal + + + + + Bal d + + + Bal . + + + e + + + Bal + + 1 + + Bal + + + + + + 9 Bal h Bal + . + + + 1. Bal + + + Bal