John Allen opened a medical practice in Los Angeles, California, and had the following transactions during the month of January (Click the icon to view the January transactions) Journalize the transactions of John Allen, MD. Include an explanation with each entry (Record deorts first, then credits Select the explanation on the last line of the journal entry table) Jan 1 The business received $34,000 cash and issued common stock to Allen Date Jan 1 More Info Accounts and Explanation Debit Credit Jan. 1 Jan. 2 Jan. 4 Jan. 121 Jan. 16 The business received $34,000 cash and issued common stock to Allen Purchased medical supplies on account, $18.000 Performed services for patients receiving $1,400 Paid monthly office rent of $2,700 Recorded $12,000 revenue for services rendered to patients on account Print Done