CashAccounts ReceivableMedical SuppliesEquipmentAccounts PayableSmith, CapitalSmith, WithdrawalsService RevenueInsurance ExpenseRent ExpenseSalaries ExpenseTotal AssetsTotal LiabilitiesTotal Owner's EquityA = L + OE1Smith contributed $85000 in the business. The business gave capital to SmthBalance0000000000000TRUE2Paid $46,000 for EquipmentBalance00000000000000TRUE3Purchased medical supplies $11,800 on account.Balance00000000000000TRUE4Received $2,500 cash for services performed.Balance00000000000000TRUE5Performed services on account, $150,000.Balance00000000000000TRUE6Paid in cash: $2,500 for rent & $11,500 for employees' salaries, $2,000 insuranceBalance00000000000000TRUE7Paid $750 to creditor on account.Balance00000000000000TRUE8Collected $1,000 from customers on account.Balance00000000000000TRUE9Smith withdrew $20,000 cash from the business.Balance00000000000000TRUE