Dr REbecca Gray opened a medical practice specializing in physical therapy. During the first month of (August) , the business, titled Dr. Rebecca Gray , professional corporation (P.C) , experienced the following events:

Analyze the effects of these events on the accounting equation of the medical practice of Dr . Rebecca Gray, P.C

therapy During the first month of operation (August), the business, titled Dr. Rebecca Gray, Professional Corporat ng equation of the medical practice of Dr. Rebecca Gray P.C More Info Enter Aug 6 Gray invested $155,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $62,000. Gray plans to build an office building on the land 12 The business purchased medical supplies for $1,600 on account. 15 Dr. Rebecca Gray, P.C., officially opened for business. 15-31 During the rest of the month, Gray treated patients and eaned service revenue of $9,800, receiving cash for half the revenue earned. The business paid cash expenses: employee salaries, $3,500; office rent, $1,700; utilities, $500. (Record expenses as a total amount.) 15-31 31 The business sold supplies to another physician for cost of $800 and received cash 31 The business borrowed $4,000, signing a note payable to the bank. 31 The business paid $700 on account. Print Done 196,200 estions about the business. s and then continue to the next question. F9 FB F7 F6 ra PS