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 $63,000 cash in the company along with equipment that had a $11,000 market value in exchange for its common stock.
b. The company paid $1,200 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 $2,700 cash earned.
e. The company completed work for a client and sent a bill for $7,400 to be received within 30 days.
f. The company purchased additional equipment for $5,100 cash.
g. The company paid an assistant $3,100 cash as wages for the month.
h. The company collected $5,300 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 $1,300 cash in dividends to the owner (sole shareholder).

Required:
Write down the impact of each transaction on individual items of the accounting equation.