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Jul. 6 Received a contribution of $65,000 from Sansone and opened a bank account in the name of S. Sansone, MD. The corporation issued common
Jul. 6 Received a contribution of $65,000 from Sansone and opened a bank account in the name of S. Sansone, MD. The corporation issued common stock to Sansone. Jul. 9 Paid $46,000 cash for land. Jul. 12 Purchased medical supplies for $1,900 on account. Jul. 15 Officially opened for business. Jul. 20 Paid cash expenses: employees' salaries, $1,800; office rent, $900; utilities, $340. Jul. 31 Earned service revenue for the month, $15,000, receiving cash. Jul. 31 Paid $1,200 on accoun
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