Josie Ferreira opened a medical practice. During July, the first month of operation, the business, titled J. Ferreira, MD, experienced the following events: View the transactions. Analyze the effects of these events on the accounting equation of the medical practice of J. Ferreira, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary input fields for your transaction lines. [Do not enter any zeros for your transaction lines.] For transaction with the same date, be sure to enter each transaction on a separate line in the order presented in the problem Caz down all balances to the "Bal" line including zero balance accounts entering 0 for any zero balances. Enter a decrease in an account with a minus sign or Expense; Liab. = Liabilities; Med. = Medical; Rev. Exp. Revenue; Sal. = S Transactions Assets = Liab. + Contr. Jul. 6 Capital + Cash + Med. + Land = A/P + Com. Jul. 9 Sup. Stock Jul. 12 Received a contribution of $45,000 from Ferreira and opened a bank account in the name of J. Ferreira, MD. The corporation issued common stock to Ferreira. Paid $40,000 cash for land. Purchased medical supplies for $2,000 on account. 7/6 45,000+ 2,000+ 40,000 = + Jul. 15 Officially opened for business. Jul. 20 Jul. 31 Jul. 31 Paid cash expenses: employees' salaries, $1,800; office rent, $900; utilities, $550. Earned service revenue for the month, $16,000, receiving cash. Paid $1,500 on account. Print Done