Dr. Ansley Favata opened a medical practice specializing in physical therapy. During the first month of operation (March), the business, sted Dr. Ansley Favata, Professional Corporation (PC) experienced the following events (Click the icon to view the events.) (Click the loon to view the journal entries) Read the requirements Requirement 1. Post the entries to the ledger, using T-accounts. Key transactions by date. Determine the ending balance in each account. (Record transactions from the 15-31 of the month occurring on the last day of the month.) Calculate the balance for each account and enter it on the appropriate side of each T-account Cash Accounts Payable Service Revenue Accounts Receivable Note Payable Salary Expense Medical Supplies Common Stock Rent Expense Clear all Check answer More info the requirement More info - X rement 1. Post ing on the last d ate the balance Mar 6 Favata invested $142,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $60,000. Favata plans to build an office building on the land. account. (Record transactions fro C 12 The business purchased medical supplies for $1,900 on account. 15 Dr. Ansley Favata, P.C., officially opened for business. 15-31 During the rest of the month, Favata treated patients and earned service revenue of $8,900, receiving cash for half the revenue earned. 15-31 The business paid cash expenses: employee salaries, $3,200; office rent, $1,500; utilities, $1,700. 31 The business sold medical supplies to another physician for cost of $500 and received cash. 31 The business borrowed $38,000, signing a note payable to the bank. The business paid $1,400 on account. 31 Accounts Print Done ent 1. Post th en the last da me balance f Requirements Ca 1. Accounts R 2. 3. Post the entries to the ledger, using T-accounts. Key transactions by date. Determine the ending balance in each account. Prepare the trial balance of Dr. Ansley Favata, P.C., at March 31, 2018. From the trial balance, determine total assets, total liabilities, and total stockholders' equity on March 31. Print Done ch account. (Recore on list 1 K Dr. Ansley experience (Click t Reference Journal Entry Read the Date Accounts and Explanations Debit Credit Mar 6 Cash 142.000 Common Stock Issued stock to owner on 1 Requireme occurring of Mar Land on 2 Calculate t on 3 Cash Purchased land Save Dr. Ansley Favata, Professional Corporation (PC) 142,000 Record transactions from the 15-31 of the month as 60,000 60,000 Mar 12 Medical Supplies 1.900 Accounts Payable 1.900 Purchased supplies on account Mar 15 No entry required Mar 31 (a) Cash Accounts Receivable Service Revenue 4,450 4,450 8,900 Performed service for cash and on account Mar 31 (b) Salary Expense 3.2001 Rent Expense 1,500 Usities Excense 1,700 Print Done Save Dr. Ansley Favata opened a medical practice specializing in physical therapy. During the first month of operation (March), the business, tited Dr. Ansley Favata, Professional Corporation (PC) experienced the following events (Click the loon to view the events) Click the icon to view the journal entries) Read the requirements Accounts Receivable Note Payable Salary Expense Medical Supplies Common Stock Rent Expense Land Utilities Expense