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