Analyze the effects of these events on the accounting equation of Hiro Medical Clinic.

Analyze the events chronologically, one transaction at a time, beginning with the transaction on January 6th. For each transaction that follows the January 6 transaction, calculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for the transaction lines. Do not enter "0" in the transaction lines. For events with the same date, be sure to enter the set of transactions for each event on a separate line in the order presented in the problem. Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P=Accounts Payable; Capital= PaigeHiro Capital; Exp.equals Expense; Liab.equals Liabilities; Med.equals Medical; Rev.equals Revenue; Sal.equalsSalaries; Sup.equals Supplies.)

Jan. 6 9 12 15 Hiro invested $290,000 in the clinic by opening a bank account in the name of Hiro Medical Clinic. Hiro Medical Clinic paid cash for land costing $145,000. There are plans to build a clinic on the land. Until then, the business will rent an office. The clinic purchased medical supplies for $10,400 on account. On January 15, Hiro Medical Clinic officially opened for business. During the rest of the month, the clinic earned professional fees of $21,000 and received cash immediately. The clinic paid cash expenses: employee salaries, $5,800; office rent, $3,700; utilities, $400. The clinic sold supplies to another clinic at cost for $850. The clinic paid $5,400 on the account from January 12. 15-31 15-31 28 31 ASSETS = LIAB. + EQUITY Service Rev. Sal. Exp. Rent Exp. Utilities Exp. Cash + Med. Sup. + Land A/P + Capital + 1/6 + + + + Paige Hiro, MD, opens a medical practice. During her first month of operation, January, the clinic, named Hiro Medical Clinic, experienced the following events. (Click the icon to view the events.) Analyze the effects of these events on the accounting equation of Hiro Medical Clinic. Analyze the events chronologically, one transaction at a time, beginning with the transaction on January 6th. For each transaction that follows the January 6 transaction, calculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for the transaction lines. Do not enter "0" in the transaction lines. For events with the same date, be sure to enter the set of transactions for each event on a separate line in the order presented in the problem. Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; Capital = Paige Hiro, Capital; Exp. = Expense; Liab. = Liabilities; Med. = Medical; Rev. = Revenue; Sal. = Salaries; Sup. = Supplies.) ASSETS LIAB. + EQUITY Service Rev. Sal. Exp. Rent Exp. Utilities Exp. Cash + Med. Sup. + Land = A/P + Capital + 1/6 + + = +