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

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Accounting

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

  1. Owner invested $66,000 cash in the company along with $15,000 of equipment.
  2. The company paid $1,800 cash for rent of office space for the month.
  3. The company purchased $15,000 of additional equipment on credit (payment due within 30 days).
  4. The company completed work for a client and immediately collected $2,500 cash.
  5. The company completed work for a client and sent a bill for $8,700 to be received within 30 days.
  6. The company purchased additional equipment for $6,400 cash.
  7. The company paid an assistant $3,900 cash as wages for the month.
  8. The company collected $4,800 cash as a partial payment for the amount owed by the client in transaction e.
  9. The company paid $15,000 cash to settle the liability created in transaction c.
  10. The owner withdrew $1,500 cash from the company for personal use.

Required:image

Complete the table using additions and subtractions to show the dollar effects of the transactions on individual items of the accounting equation..

its saying i am missing something. what am i missing?

Ming Chen started a business and had the following transactions in June. a. Owner invested $66,000 cash in the company along with $15,000 of equipment. b. The company paid $1,800 cash for rent of office space for the month. c. The company purchased $15,000 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 $8,700 to be received within 30 days. f. The company purchased additional equipment for $6,400 cash. g. The company paid an assistant $3,900 cash as wages for the month. h. The company collected $4,800 cash as a partial payment for the amount owed by the client in transaction e. i. The company paid $15,000 cash to settle the liability created in transaction c. j. The owner withdrew $1,500 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. Note: Enter decreases to account balances with a minus sign
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