(Solved): Ming Chen started a business and had the following transactions in June. a. Owner invested $63,000 ...

Ming Chen started a business and had the following transactions in June. a. Owner invested $$\$63,000$$ cash in the company along with $$\$11,000$$ of equipment in exchange for its common stock. b. The company paid $$\$1,200$$ 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 $$\$2.700\mathrm{cash}$$. e. The company completed work for a client and sent a bill for $$\$7,400$$ to be recelved within 30 days. f. The company purchased additional equipment for $$\$5,100\mathrm{cash}$$. g. The company paid an assistant $$\$3,100$$ cash as wages for the month. h. The company collected $$\$5,300$$ cash as a partial payment for the amount owed by the client in transaction $$e$$. 1. The company paid $$\$11,000$$ cash to settle the liability created in transaction $$c$$. j. The company paid $$\$1,300$$ 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.)