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Dr. Helena Samson opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Halena Samson, Professional

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Dr. Helena Samson opened a medical practice specializing in physical therapy. During the first month of operation (December), the business, titled Dr. Halena Samson, Professional Corporation (P.C.). experienced the following events: (Click the icon to view the events.) Read the requirements Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Halena Samson, P.C. Begin with the first transaction on December 6. (Use parentheses or a minus sign when decreasing accounts. If a box is not used in the table leave the box empty, do not enter a zero. Enter the transactions in the same order as they appear in the original lot.) Assets Liabilities Stockholders' Equity Accts Medical Accts Note Common Retained Type of Equity Cash Rec + Supplies - Land Pay + Payable + Stock + Earnings Transaction Dec 6 + Dec 6 Samson invested $152,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $63,000. Samson plans to build an office building on the land. 12 The business purchased medical supplies for $2,400 on account. 15 Dr. Halena Samson, P.C., officially opened for business. 15-31 During the rest of the month, Samson treated patients and earned service revenue of $9,500, receiving cash for half the revenue earned 15-31 The business paid cash expenses: employee salaries, $3,500; office rent, $1,700; utilities, $1,000. (Record the cash amount as a total and identify and record any other amounts separately.) 31 The business sold supplies to another physician for cost of $400 and received cash. 31 The business borrowed $38,000, signing a note payable to the bank. 31 The business paid $700 on account

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