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 ownern completed these transactions a Owner invested $66,000 cash in the company along with equipment that had a S10,000 market value in exchange for ts common stock b. The company pald $1,100 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 $1700 cash earned e. The company completed work for a client and sent a bill for $8.200 to be received within 30 days. f The company purchased additional equipment for $6,300 cash. g. The company paid an assistant $2.900 cash as wages for the month h.The company collected $4,500 cash as a partiai payment for the amount owed by the client in transaction e L. The company paid $10,000 cash to settle the liability created in transaction c . The company pald $1.200 cash in dividends to the owner (sole shareholden Required: Enter the Impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Equity Liabilities Cash AcovntiEquiementaable Accounts Receivable Accounts CommonD Stock Dividends Revenues Expenses Payable Bal Bal Bal. Bal Bal Dal. Bal Bal