Question: VE SUITE 5 Check my work Ming Chen started a business and had the following transactions in June. a. Owner Invested $59,000 cash in the

 VE SUITE 5 Check my work Ming Chen started a business
and had the following transactions in June. a. Owner Invested $59,000 cash
in the company along with $16,000 of equipment in exchange for its

VE SUITE 5 Check my work Ming Chen started a business and had the following transactions in June. a. Owner Invested $59,000 cash in the company along with $16,000 of equipment in exchange for its common stock b. The company paid $2,500 cash for rent of office space for the month c. The company purchased $17,000 of additional equipment on credit payment due within 30 days) d. The company completed work for a client and immediately collected $2,500 cash e. The company completed work for a client and sent a bill for $7.300 to be received within 30 days. The company purchased additional equipment for $5,900 cash g. The company paid an assistant $3,500 cash as wages for the month h. The company collected $4,600 cash as a partial payment for the amount owed by the client in transaction 1. The company paid $17,000 cash to settle the liability created in transaction The company paid $1100 cash in dividends to the owner (sole shareholder) Required: Complete the table using additions and subtractions to show the dollar effects of the transactions on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) Assets Liabilities Equity Cash Accounts Receivable Equipment Accounts Payable Common Stock Dividends . Rovenes Expenses Help 5 SW Ement- Fayl Sud . . . . 12.5 Do + Incealer and 0 + 10 D 3 HD -10 10 0- . ol 0. O Banca id Baloncesto 0 + + 0 - -10 + . O + 0 - + 01 + - 0 lo -10 TO -O 0 . Balice . 10 O. ol O. 0 - + 0 -0 O . Balance . 0 . 0 O O - 9. + O. -10 0 Balance 0 D 0 0 - 0 +0 0- 0 Bence 0 0 0 0 . 0 Bach + +D lo 0 10 0 vic 111 P Balance after 0 0 --- 0 0 Balance altera + 10 - 0 0 0 0. 0 + 0 Balance after 0 -10 + 0 6 0 10 . Boc ---- +10 0- 0 + - O + 0 0. Balance after th Balance atter + 10 10 . 10 -0 . 0 + ences Q- + 0 10 + +10 10 0. 10 0 -0 Balance after 0 0. 0 + 0 - 10 o + 0 - Balance altor 0 $ 0+ $ 0+ $ 0 $ 0 - 5 0 5 0+ $ 0 -

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