Events Jan. 6 Hartley invested $280,000 in the clinic by opening a bank account in the name of Hartley Medical Clinic. 9 Hartley Medical Clinic paid cash for land costing $145,000. There are plans to build a clinic on the land. Until then, the business will rent an office. 12 The clinic purchased medical supplies for $9,600 on account. 15 On January 15, Hartley Medical Clinic officially opened for business. 15-31 During the rest of the month, the clinic earned professional fees of $22,500 and received cash immediately. 15-31 The clinic paid cash expenses: employee salaries, $4,800; office rent, $4,200; utilities, $520. 28 The clinic sold supplies to another clinic at cost for $1,050. 31 The clinic paid $2,800 on the account from January 12. (Click the icon to view the events.) Analyze the effects of these events on the accounting equation of Hartley Medical Clinic. 1 Rent Exp. 1 ASSETS LIAB. EQUITY Service Sal. Cash + Med. Sup. + Land A/P Capital Rev. Exp. 1/6 + 1/9 + 14= Bal. 1/12 Bal. 1/15 Bal. 1/15 -31 Bal. 1/15 -31 Bal. 1/28 Bal 1/31 Bal. Utilities Exp.