Homework: Chapter 2 Graded Homework Question 3, E2-22A (similar to) Pat 1 of 11 HW Score: 81.13%, 20.28 of 25 O Points: 0 of 1 Dr. Karen Gagnon opened a medical practice specializing in physical therapy. During the first month of operation (July), the business, Med Dr. Karen Gagnon, Professional Corporation (PC) on the flowing events (Cack the loon to view the events) Read the cecurements Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Karen Gagnon, P.C Begin with the first transaction on July 6. (Use parentheses or a minus sign when decreasing accounts. If an input field is not used in the table inare the field empty do not enter a zero. Enter the transaction the sy the onginal fat) Assets Lab Stockholders' Equity More info Accla Medical Aco Note Cash . Rec Supplies Land Pay Payable Common Retained Stock Eamings Type of Equity Tansaction Save Requirements. 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Karen Gagnon, PC 2. After completing the analysis, answer these questions about the business a. How much are total assets? b. How much does the business expect to collect from patients c. How much does the business owe in tota d. How much of the business's assets does Gagnon really own? e. How much net income or net loss did the business experience during its first month of operations? 23 222 Gagan invested $145,000 in the busness, which infused common whook her The business pad sash for land soing $64,000 Gagron plans to bud an office bung the land The business purchased medical supples for $13 on account 15 Dr. Karen Gagnon, PC, oilaly opened for business on 12 a 15-31 During the rest of the month Gagnon seed parents - $0.700, receiving cash for half the revenus samed samad service ever A 15-31 The business paid cash expenses angless $1.300 a rent $1,100 uities, $1,200 (Record the cash c Identify and record any other 333 31 31 The business sold supplies to another physician for cost of $300 and received cash The business borrowed $37 000, signing a note ayetle to the bank 31 The business paid $1,000 on account Print Done Print Done