In March, K. Haas, M.D., established the Haas Sports Injury Clinic. The clinic's account headings are presented below. Transactions completed during the month of March follow.

Haas deposited $61,000 in a bank account in the name of the business.

Paid the rent for the month, $2,500, Ck. No. 1000 (Rent Expense).

Bought supplies for cash from Medco Co., $2,300.

Bought professional equipment on account from Med-Tech Company, $26,500.

Bought office equipment on account from Equipment Depot, $2,000.

Sold professional services for cash, $10,000 (Professional Fees).

Paid on account to Med-Tech Company, $5,000, Ck. No. 1001.

Received and paid the bill for utilities, $525, Ck. No. 1002 (Utilities Expense).

Paid the salary of the assistant, $2,000, Ck. No. 1003 (Salary Expense).

Sold professional services for cash, $10,480 (Professional Fees).

Haas withdrew cash for personal use, $3,500, Ck. No. 1004.

Required:

Record the transactions and the balance after each transaction.

After all transactions have been entered, enter the total assets and the total liabilities plus owner's equity in the entry boxes below the transactions. If the two totals are not equal, check the addition and subtraction. If you still cannot find the error, re-analyze each transaction. If an amount box does not require an entry, leave it blank or enter "0". Enter all answers as positive amounts.