Ashley Sampson opened a medical practice, During July, the first month of operation, the business, sted Ashley Sampson, MD, experienced the following events (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Ashley Sampson, M.D. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in sach account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for your transaction lines. Do not enter any zeros for your transaction ines For transactions with the same date, be sure to enter each transaction on a separate line in the order presented in the problem. Camry 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; Cap Sampson, Capital, Exp Expense, Liab Liabilities: Med. Medical, Rev. Revenue, Sal Salaries: Sup. Supplies Withdr. Sampson, Withdrawals.) 716 Cash ASSETS Med. LIAB EQUITY Land A/P . Cap Sup Withdr. Service Sal Rev Exp. Rent Usities Exp Exp . More info Jul. 6 Jul. 9 Jul. 12 Jul. 15 Sampson contributed $55,000 in the business by opening a bank account in the name of A. Sampson, MD. The business gave capital to to Sampson Paid $42,000 cash for land Purchased medical supplies for $2,600 on account Officially opened for business Jul. 20 Jul. 31 Paid cash expenses: employees' salaries, $1,000; office rent, $1,200; utilities, $250. Eamed service revenue for the month, $14.000, receiving cash Jul 31 Paid $1.900 on account X