Dr. Ansley Favsta opened a medical practice specializing in physical therapy. During the first month of operation (Augusti, the business titled Dr. Ansley Favets, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) Requirement 1. Record the transactions in the joumal of Dr. Ansley Favsta, P.C. List the transactions by date and give an explanation for each transaction. Record debits first, then credits. Select explanations on the last line of the jumal entry table. If an entry is not required, select "Na entry required' an the first line of the table and leave all other fieles blank.) Muy B: Favata invested S140,000 in the business, which in turn issued its conunun stock to her. Journal Entry Accounts and Explanations Date Debit Credit X 6 More Info Aug III Aug 6 Aug 9 Aug 12 Aug 15 Aug 15-31 Aug 15-31 Aug 31 Favata invested $140,000 in the business, which in tum issued its common stock to her. The business paid cash for land using S55,000. Favala plans to buid an office building on the land, The business purchased medical supalics for $1,700 an account. Dr. Ansley Faveta FC, of daily opened for business During the rest of the month, Fevala realed paliers and earned service revenue of $3,600, receiving cash for half the revenue eamed. The business paid cash expenses: employee salaries, 32,700; office reril, S700 ullilies. $900. The business sold medical supplies to another physician for cost of S800 and received cash The business borrowed $35,000, signing a note payable to the bark The business paid $1,500 on account. Aug 31 Aug 31 Print Done