Dr. Bernice Maglin opened a medical practice specializing in physical therapy. During the first month of operation (July), the business, tited Dr. Bernice Maglin, Professional Corporation CPC.), experienced the following events: (Click the icon to view the events.) 1. Record the transactions in the journal of Dr. Bernice Maglin, PC. 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 journal entry table. If an entry is not required, select "No entry required" on the first line of the table and leave all other cells blank.) Jul 6: Maglin invested $138,000 in the business, which in turn issued its common stock to her Journal Entry Date Accounts and Explanations Debit Credit Jul More Info Jul 6 Maglin invested $138,000 in the business, which in turn issued its common stock to her 9 The business paid cash for land costing $61,000. Maglin plans to build an office building on the land 12 The business purchased medical supplies for $1,900 on account 15 Dr. Bemice Maglin, PC., officially opened for business. 15-31 During the rest of the month, Maglin treated patients and eaned service revenue of $8,800, receiving cash for half the revenue earned. The business paid cash expensos: employee salaries, S2,800; office rent, $1,400; utilities, $500 The business sold medical supplies to another physician for cost of $300 and received cash. 15-31 31 31 The business borrowed $31,000, signing a note payable to the bank. 31 The business paid $1,500 on account. Print Done