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Instruction: complete accounting equation on the transaction page Capital in May 2017, Mr. Ahmed Haroon, a physician, decided to open his own medical practice. During
Instruction: complete accounting equation on the transaction page
Capital in May 2017, Mr. Ahmed Haroon, a physician, decided to open his own medical practice. During May, the new business engaged in the following transactions Transaction Date Assets Medical Furniture Building Supplies Liability Modern Kamal Labs Office Labs Bank Cash Land Capital May-04 May-16 May-19 May 04 May 04 - Mr. Ahmed Haroon opened a bank account in the name of medical practice, Ahmed Harcon, Mo, by depositing 36,000 cash. May 16 - Purchased a small medical office. The purchase price was 95,400, which included land value 50,000 May 16 and a bulding valued at 45,000. A cash down payment was made for 121,000, and a note payable was issued for the balance of the purchase price May 19 May 19 - Purchased office furniture on account from Modern Office Company, 2.340 IL May 22 May 22 - Purchased medical supplies for cash from Kamal Labs, E 1,630. May 23 May 23 - Returned to Kamal Labs 225 of the medical supplies purchased on May 22 as these items were not exactly what Mr. Ahmed Haroon had odered. Kamal Labsagreed to refund the 225 within 10 days. May 30 May 30 - Madea [ 1,170 partial payment on the account payable to Modern Office Company, ( . May 31 May 31 - Received the 225 refund from Kamal Labs for the supplies on May 23. . Instructions Fill in the Accounting Equation on the right-hand side Grand Total EO EO EOStep by Step Solution
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