E2-16A. (Learning Objective 1, 2: Analyzing transactions; using the accounting equation) operation (March), the business, titled Harry Samson, Professional Corporation (P.C.). experienced the following events: Harry Samson opened a medical practice specializing in surgery. During the first month of Mar 6 shares to him. -> Cash 9 12 15 15-31 Samson invested $40,000 in the business, which in turn issued its ordinary Share capital Cledi an office building on the land udleb Cosh credit The business paid cash for land costing $22,000. Samson plans to build Al credit The business purchased medical supplies for $15,000 on account. Staples door for business. Ardo During the rest of the month, Samson treated patients and earned service revenue of $8,500, receiving cash for half the revenue earned. Service Teve Galifica The business paid cash expenses: employee salaries, $750, office cash cdt 1750 utilities crede Harry Samson, P.C., officially opened 15-31 31 31 31 The business sold supplies to another physician for cost of $300. Cash debt surtly cried The business borrowed $17,000, signing a note payable to the bank. Note Pappie u elit Arp debit (ash debit Credii The business paid $1,200 on account. Requirements 1. Analyze the effects of these events on the accounting equation of the medical practice of Harry Samson, P.C. 2. After completing the analysis, answer the se questions about the business. a. How much are total assets? b. How much does the business expect to collect from patients? c. How much does the business owe in total? d. How much of the business's assets does Samson really own? e. How much net income or net loss did the business experience during its first month of operations? E2-17A. (Learning Objectives 2, 3: Understanding how accounting works; journalizing transactions) Refer to Exercise 2-16A. Requirement Record the transactions in the journal of Harry Samson, P.C. List the transactions by date