This is one question

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.

1. Owner invested $59,000 cash in the company along with equipment that had a $14,000 market value in exchange for its common stock.
2. The company paid $2,000 cash for rent of office space for the month.
3. The company purchased $11,000 of additional equipment on credit (payment due within 30 days).
4. The company completed work for a client and immediately collected the $2,300 cash earned.
5. The company completed work for a client and sent a bill for $7,600 to be received within 30 days.
6. The company purchased additional equipment for $5,800 cash.
7. The company paid an assistant $3,400 cash as wages for the month.
8. The company collected $4,500 cash as a partial payment for the amount owed by the client in transaction e.
9. The company paid $11,000 cash to settle the liability created in transaction c.
10. The company paid $1,200 cash in dividends to the owner (sole shareholder).

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. a. Owner invested $59,000 cash in the company along with equipment that had a $14,000 market value in exchange for its common stock. b. The company paid $2,000 cash for rent of office space for the month. c. The company purchased $11,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected the $2,300 cash earned. e. The company completed work for a client and sent a bill for $7,600 to be received within 30 days. f. The company purchased additional equipment for $5,800 cash. g. The company paid an assistant $3,400 cash as wages for the month. h. The company collected $4,500 cash as a partial payment for the amount owed by the client in transaction e. i. The company paid $11,000 cash to settle the liability created in transaction c. j. The company paid $1,200 cash in dividends to the owner (sole shareholder). Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Equity + Dividends + Revenues Expense + + + 2,000 2,000 01- + + + + + + + tot + 0 + 0 2,000 = + 0 + 2,000 2,300 2,300 7,600 9,900 = Assets = Liabilitiest Accounts Cash Accounts. Common Equipment Receivable Payable Stock $ a. $ 59,000 + 14,000 b. (2,000) + + + Bal. 57,000 + 0 + 14,000) = 0 + 01 - C. + + 11,000/= 11,000 + Bal. 57,000 + 01 + 25,000/= 11,000+ 0 d. 2,300 + + Bal. 59,300 + 01 + 25,000/= 11,000 + 0 e. + 7,600 + + Bal. 59,300 + 7,600 + 25,000/= 11,000+ f. (5,800) + + 5,800] = Bal. 53,500 + 7,600 + 30,800 = 11,000 + 0 g. (3,400) + + Bal. 50,100 + 7,600 + 30,800] = 11,000 + h. 4,500 + (4,500) + + Bal. 54,600 + 3,100 + 30,800] = 11,000 + 0 i. (11,000) |(11,000) Bal. 43,600 + 3,100 + 30,800 = 01 + 0 j. + + $ Bal. $ 43,600 + $3,100 + $ 01 + $ 0 30,800 + 0 + 2,000 + lol | 0 + 9,900 + + + + = + 2,000 - (3,400)| (1,400) 0 + 9,900 + 0 + 9,900 (1,400) + + + + + + 0 + 9,900 (1,400) = 1,200 + $ 1,200 + $ 9,900 $ (1,400)