July $6$ Received a contribution of $$50,000$ from Freeman and opened a bank account in the name of J$.$ Freeman, MD$.$ The corporation issued common stock to Freeman.

July $9$ Paid $$35,000$ cash for land.

July $12$ Purchased medical supplies for $$2,100$ on account.

July $15$ Officially opened for business.

July $20$ Paid cash expenses: employees' salaries, $$900$; office rent, $$1,100$; utilities, $$450.$

July $31$ Earned service revenue for the month. $$13,000,$ receiving cash.

July $31$ Paid $$1,200$ on account.

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Question $3,$ EF$-1-30($similar to$)$

HW

Score: $40\%,2$ of $5$ poinis

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Jordan Freeman opened a medical practice. During July, the first month of operation, the business, titled J$.$ Freeman, MD$,$ experienced the following events:

View the transactions.

Analyze the effects of these events on the accounting equation of the medical practice of J$.$ Freeman, MD$.$