Exercise 1-15 (Static) Identifying effects of transactions using the accounting equation LO P1 Ming Chen started a business and had the following transactions in June a. Owner invested $60,000 cash in the company along with $15,000 of equipment in exchange for its common s/ock. 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 $2.500cash. e. The company completed work for a client and sent a ball for $8,000 to be received within 30 days. f. The company purchased additional equipment for $6,000 cash. 9. 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 1. The compony paid $10.000 cash to sette the liabilty created in transaction C 1. The company paid $1,000 cash in dividends to the owner (sole shareholder). Required: Complete the table using additions and subtractions to show the dollor effects of the trarisactions on individuat items of the accounting fquation. Note: Enter decreoses to account bolances with a minus sign