E1-29 (book/static) Question Help Ashley Stamper opened a medical practice. During July, the first month of operation, the business, titled Ashley Stamper, MD, experienced the following events (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Ashley Stamper, MD Analyze the events chronologically, one transaction at a time. Beginning with the transaction on the 9th, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines.] Carry down all balances to the "Bal." line, including zero balance accounts, entering a O" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P Accounts Payable; Com.Common; Contr.Contributed; Div.Dividends; Exp.Expense; Liab. Liabilities: Med. = Medical; Rev. = Revenue: Sal. = Salaries: Sup. = Supplies.) Assets Liab.+ More Info Capital+ Retained Earnings Cash + Med. + Land AIP + Com. Div. + Service - Sal. - Rent Utilities Jul. 6 Received a contribution of $68,000 from Stamper and opened a bank account in the name of A. Stamper, MD. The corporation issued Sup. Stock Rev. Exp. Exp. Exp. common stock to Stamper 7/6 9 Paid $56,000 cash for land 12 Purchased medical supplies for $1,500 on account. 15 Officially apened for business. 20 Paid cash expenses: employees' salaries, S1,300; office rent, $1,500; utilities, $100 31 Earned service revenue for the month, $13,000, recaiving cash. 31 Paid $1,050 on account. Enter any number in the edit fields and then click Check Answer parts