Ming Chen began a professional practice on June 1 and plans to prepare nancial statements at the end of each month. During lune, Ming Chen (the owner) completed these transactions. 3. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. I). The company paid $1,500 cash for rent of ofce space for the month. it. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). d. The company completed work fora client and immediately collected the $2,500 cash earned. e. The company completed work for a client and sent a bill for $8.00 to be received within 30 days. l'. The company purchased additional equipment for $6,000 cash. g. The company paid an assistant $31110 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. i. The company paid Sl0,000 cash to settle the liability created in transaction c. j. The company paid $1,000 cash in dividends to the owner (sole shareholder)