Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month uning done, Ming Chen (the owner) completed these transactions a. Owner invested $57,000 cash in the company along with equipment that had a $27000 market value b. The company paid $2,500 cash for rent of office space for the month c. The company purchased $18,000 of additional equipment on credit (payment due within 30 days) d. The company completed work for a client and immediately collected the $2,400 cash earned e. The company completed work for a client and sent a bill for 59,000 to be received within 30 days f. The company purchased additional equipment for $6,900 cash 9. The company paid an assistant $3,700 cash as wages for the month h. The company collected $4,800 cash as a partial payment for the amount owed by the client in transactione 1. The company paid $18,000 cash to settle the ability created in transaction J. Owner withdrew $1,800 cash from the company for personal use. Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) ty Liabilities Accounts Payable Cash Accounts Receivable Equipment M. Chen, Capital Expenses M Chen Withdrawal + a + + + = + b. Bal 0 + 0 0 + 0 0 0 0 0 + + + + + CA 0 0 + 0 0 0 0 Bal 0 + 0 + = + + + + d. Bal 0 0 0 0 + 0 + 0 0 0 + + + + 0 01 + 0 0 + 0 0 + 01 + Bal