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How can I figure out Steps for J zefina Floros opened a medical practice. During July, the first month of operation, the business, titled J

How can I figure out Steps for
Jzefina Floros opened a medical practice. During July, the first month of operation, the business, titled J. Floros, MD, experienced the following events:
View the transactions.
Analyze the effects of these events on the accounting equation of the medical practice of J. Floros, MD.
Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6 th. For each transaction that follows the transaction on the 6 th, calculate the balance in each account after analyzing its effect on the
accounting equation. (Complete only the necessary input fields for the transaction lines. [Do not enter any zeros for the transaction lines.] For transactions with the same date, be sure to enter each transaction on a separate line in the order
presented in the problem. Enter a decrease in an account with a minus sign or parentheses. Carry down all balances to each Balance line, including zero balance accounts, entering a 0 for any zero balances.)
Transactions
July 6 Received a contribution of $55,000 from Floros and opened a bank account in the
name of J. Floros, MD. The corporation issued common stock to Floros.
July 9 Paid $46,000 cash for land.
July 12 Purchased medical supplies for $1,800 on account.
July 15 Officially opened for business.
July 20 Paid cash expenses: employees' salaries, $1,600; office rent, $1,900; utilities, $100
July 31 Earned service revenue for the month, $8,000, receiving cash.
July 31 Paid $1,100 on account.
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