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Faith Moynihan, MD, opened a medical practice. The business completed the following transactions: Jul 1 Moynihan invested $25,000 cash to start her medical practice. The

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Faith Moynihan, MD, opened a medical practice. The business completed the following transactions: Jul 1 Moynihan invested $25,000 cash to start her medical practice. The business issued common stock to Moynihan. Jul 2 Purchased medical supplies on account totaling $8,600 Jul 3 Paid monthly office rent of $2,500. Jul 6 Recorded $10,000 revenue (in cash) for service rendered to patients. After these transactions, how much cash does the business have to work with? Use a T-account to show your answer. Begin by posting the transactions, using the date as a posting reference. Then, label and calculato the ending balance, using "Bal" as the posting reference Cash

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