Dr.Anna Grayson apened a medical practice specializing in physical therapy. During the first month of operation (August) , the business, titled Dr. Anna Grayson, professional corporation (P.C ) , experienced the following events :

al therapy, During the first month of operation (August), the business, titled Dr. Anna Grayson, Professional Cor on to view the journal entries.) e Payab More Info Aug 6 Grayson invested $140,000 in the business, which in turn issued its common stock to her. 9 The business paid cash for land costing $58,000. Grayson plans to build nmon Sto an office building on the land. 12 The business purchased medical supplies for $1,800 on account. 15 Dr. Anna Grayson, P.C., officially opened for business. 15-31 During the rest of the month, Grayson treated patients and eaned service revenue of $8,700, receiving cash for half the revenue earned 15-31 The business paid cash expenses: employee salaries, $3,300: office rent, $1,000; utilities, $900. 31 The business sold supplies to another physician for cost of $500 and received cash. 31 The business borrowed $34,000, signing a note payable to the bank 31 The business paid $1,300 on account. PC, at A Print Done and then continue to the next