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Gail Lyle, MD, opened a medical practice. The business completed the following transactions: Jul 1 Lyle invested $27,000 cash to start her medical practice. The

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Gail Lyle, MD, opened a medical practice. The business completed the following transactions: Jul 1 Lyle invested $27,000 cash to start her medical practice. The business issued common stock to Lyle. Purchased medical supplies on account totaling $8,800. 3 Paid monthly office rent of $3,000. 6 Recorded $8,000 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 calculate the ending balance, using "Bal" as the posting reference. Cash

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