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Sandy Lange opened a medical practice titled Sandy Lange M.D.. Inc. During July, the first month of operations, the business experienced the following events: Requirement Analyze the effects of these events on the accounting equation of the medical practice of Sandy Lange M.D.. Inc. Use headings for Cash. Medical Supplies. Land. Accounts Payable. Common Stock. Service Revenue, and Rent Expense. Requirement 1. Analyze the effects of the events on the accounting equation of the medical practice of Sandy Lange M.D.. Inc. Calculate the updated balances for all the accounts after entering each transaction. (Complete only the necessary answer boxes for your transaction lines. Carry down all balances, including zero balance accounts. Enter decreases with a minus sign or parentheses.) July 2: Lange bought $80,000 of common stock in the business by opening a bank account in the name of Sandy Lange M.D.. Inc