Dr. Lisa Chase opened a medical practice specializing in physical therapy. During the first month of operation (July), the business, titled Dr. Lisa Chase, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) (Click the icon 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 as 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 Land Utilities Expense More Info Jul 6 Chase invested $144,000 in the business, which in turn issued its common stock to her. 9 12 15 15-31 The business paid cash for land costing $56,000. Chase plans to build an office building on the land. The business purchased medical supplies for $2,200 on account. Dr. Lisa Chase, P.C., officially opened for business. During the rest of the month, Chase treated patients and earned service revenue of $9,500, receiving cash for half the revenue earned. The business paid cash expenses: employee salaries, $3,300; office rent, $600; utilities, $100. The business sold medical supplies to another physician for cost of $200 and received cash. The business borrowed $31,000, signing a note payable to the bank. The business paid $1,000 on account. 15-31 31 31 31 Print Done