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 owner) completed these transactions Owner invested $61,000 cash in the company along with equipment that had a $25.000 market value b. The company paid $1.900 cash for rent of office space for the month c. The company purchased $15,000 of additional equipment on credit (payment due within 30 days) d. The company completed work for a client and immediately collected the $2,100 cash earned The company completed work for a client and sent a bill for $7000 to be received within 30 days f. The company purchased additional equipment for $5,500 cash 9. The company paid an assistant $3.000 cash as wages for the month h. The company collected 55.200 cash as a partial payment for the amount owed by the client in transaction The company paid $15,000 cash to settle the liability created in transaction Ower withdrew $1.500 cash from the company for personal use. Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decrenses to account balances with o minus sign) Liabilities Assets Accounts Recolvable Equity M. Chen Withdrawals Canh + Equipment - Accounts Payable M. Chen Capital Revenues Experises + . b Bar 0 + 0 0 0 O 0 + 0 0 + + Bat 0 + 0 0 0 - O 0 0 + 0 - - 0 Bal 0 0 + 0 0 0 + + + + Pablo Management has three employees, each of whom eam $155 per day. They are paid on Fridays for work completed Monday through Friday of the same week Near yeni end, the three employees worked Monday, December 31, and Wednesday, Thursday, and Filday, January 2.1 and 4 New Year's Day Canary I was an unpaid holiday Prepare the December a year end adjusting entry for wages expense and record payment of the employees wages on Friday, January View transaction is Journal entry worksheet 1 2 Record the December 31 year and adjusting entry for wages expense Niets before create General Journal Dabil Credit Date December 31