Ming Chen started a business and had the following transactions in June. Owner invested $66,000 cash in the company along with $10,000 of equipment. The company paid $1,100 cash for rent of office...

Ming Chen started a business and had the following transactions in June.

1. Owner invested $66,000 cash in the company along with $10,000 of equipment.


2. The company paid $1,100 cash for rent of office space for the month.


3. The company purchased $10,000 of additional equipment on credit (payment due within 30 days).


4. The company completed work for a client and immediately collected $1,700 cash.


5. The company completed work for a client and sent a bill for $8,200 to be received within 30 days.


6. The company purchased additional equipment for $6,300 cash.


7. The company paid an assistant $2,900 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 transactione.


9. The company paid $10,000 cash to settle the liability created in transactionc.


10. The owner withdrew $1,200 cash from the company for personal use.

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.)