Jul. 6 Jul. 9 Jul. 12 Stamford contributed $72,000 in the business by opening a bank account in the name of A. Stamford, MD. The business gave capital to to Stamford. Paid $35,000 cash for land. Purchased medical supplies for $1,900 on account. Jul. 15 Officially opened for business. Jul. 20 Jul. 31 Paid cash expenses: employees' salaries, $800; office rent, $800; utilities, $200. Earned service revenue for the month, $14,000, receiving cash. Jul. 31 Paid $1,300 on account.