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  3. chen started a business and had the following tran

Chen started a business and had the following transactions in June. Wher invested $60,000 cash...

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Accounting

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Chen started a business and had the following transactions in June. Wher invested $60,000 cash in the company along with $15,000 of equipment in exchange for its common stock. he company paid $2,000 cash for rent of office space for the month he company purchased $18,000 of additional equipment on credit (payment due within 30 days) he company completed work for a client and immediately collected $1,600 cash. ne company completed work for a client and sent a bill for $7,300 to be recelved within 30 days he company purchased additional equipment for $5,000 cash ne company paid an assistant $2,400 cash as wages for the month he company collected $4,500 cash as a partial payment for the amount owed by the client in tsansoction e he company paid $18,000 cash to settle the liability created in transaction c. he company paid $1,500 cash in dividends to the owner (sole sharehoider) sired: plete the table using additions and subtractions to show the dollar effects of the transactions on individual items of the accounting tion. Enter decreases to account balances with a minus sign

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