Fill in the blanks.

*None of the answers in the boxes are correct, only cash (55,000) is correct.

Save Homework: Chapter 1 part B homework Score: 0 of 1 pt 6 of 9 (9 complete) XE1-29 (similar to) HW Score: 79.63%, 7.96 of 10 pts Question Help orked Scon Kira Summers opened a medical practice. During July, the first month of operation, the business, titled Kira Summers, MD, experienced the following events Click the icon to view the transactions) ots: Analyze the effects of these events on the accounting equation of the medical practice of Kara Summers, MD 1230 Analyze the events chronologically one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th calculate the balance in each account after analyzing its efect on the accounting equation Complete only the necessary answer boxes for your transaction lines Do not enter any zeros for your transaction lines for transactions with the same date, be sure to enter each transaction on a separateline in the order presented in the problem Camry down all balances to the "Balline Induding zero balance accounts, entering a for any zero balances Enter a decrease in an account with a minus sign or parentheses Abbreviations used. AP - Accounts Payable: Com Common Contr. - Contributed: Div-Dividends: Exp. - Expense, Liab Liabilities Med Medical Rev Revenue, SalSalaries: Sup. Supplies) 24.si 326 33 (sin Assets Liab. Equity Cont Capital Cash Mod Land AP Com. Dr Retained Earnings Service Sal Ray Exp 15000 1100. Sup Stock Rent Exp. 000 Usilities Exp. 550 55,000 1900) + 52000 - 100900 - 1150 . Enter any number in the edit fields and then click Check Answer 6 parts O remaining Clear All Check Answer i More Info pows ronologically, ince in each ad os for your trang wn all balance eses. Abbrevia = Revenue, Sa X bllows the transac ver boxes for you e prate line in the ai a decrease in ar Exp. = Expense; Assets / Jul 6 Received a contribution of $55,000 from Summers and opened a bank account in the name of K. Summers, MD. The corporation he issued common stock to Summers. 9 Paid $52,000 cash for land. 12 Purchased medical supplies for $1,900 on account 15 Officially opened for business 20 Paid cash expenses employees' salaries, S1,100; office rent, $800; utilities, $550 31 Earned service revenue for the month, $15,000, receiving cash 31 Paid $1,150 on account Med O ny eon Sup 2 1900 + Print Done