chronologi count after es.] For tra cluding zer yable; Cap Jul. 6 Jul. 9 Paid $40,000 cash for land. More info Stanley contributed $60,000 in the business by opening a bank account in the name of P. Stanley, MD. The business gave capital to to Stanley. - X action on the 6th, calculate the Do not enter any zeris for em. Carry down all balances heses. Abbreviations used plies Withdr Starley Jul. 12 Purchased medical supplies for $2,000 on account Jul. 15 Officially opened for business. ASSETS Jul. 20 + Med. Jul. 31 Paid cash expenses: employees' salaries, $1,400; office rent, $600: utilities, $100. Earned service revenue for the month, $9,000, receiving cash. Sup. Jul. 31 Paid $1,400 on account. Print Done 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 thatculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for your transaction lines. Do not ay as for your transaction lines.] For transactions with the same date, be sure to enter each transaction on a separate sine 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: Cap, Stanley, Capital; Exp. Expense; Liab. Liabilities; Med. Medical, Rev Revenue Sal Salaries Sup Supplies Wind Stanley Withdrawals.) 7/6 Cash ASSETS Med. = LIAB EQUITY + Land = A/P + Cap. Withdr. Service - Sal Rent Utines Sup Rev. Exp. Exp Exp + + +