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Dr. Ansley Favata opened a medical practice specializing in physical therapy. During the first month of operation (August), the business, titled Dr: Ansley Favata, Professional

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Dr. Ansley Favata opened a medical practice specializing in physical therapy. During the first month of operation (August), the business, titled Dr: Ansley Favata, Professional Corporation (P.C.), experionced the following events: 1. (Click the icon to view the events.) Requirement 1. Record the transactions in the joumal of Dr. Ansley Favati, PC. List the trans-actions by date and give an explanation for each transaction. (Record debits first. then credits. Select explanations on the last line of the journal entry table. If an antry is not required, 60 ect "No entry required" on the first line of the table and leave all other folds blank.) Aug 6: Favata invested $136,000 in the business, which in tum issued its common stock to her. More info More info

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