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Jzefina Floros opened a medical practice. During July, the first month of operation, the business, titled J. Floros, MD, experienced the following events: View the
Jzefina Floros opened a medical practice. During July, the first month of operation, the business, titled J. Floros, MD, experienced the following events: View the transactions. Analyze the effects of these events on the accounting equation of the medical practice of J. Floros, MD. Analyze the events chronologically, one transaction at a ti balance in each account after analyzing its effect on the a transaction lines ] For transactions with the same date, be the "Bal" line, including zero balance accounts, entering Accounts Payable, Com. = Common, Contr. = Contributed Liab. 7/6 Assets + Cash + Med + Land N A/P Sup CAG + Transactions Jul. 6 Jul. 9 Jul. 12 Jul. 15 Jul. 20 Jul. 31 Jul. 31 k Received a contribution of $55,000 from Floros and opened a bank account in the name of J. Floros, MD. The corporation issued common stock to Floros Paid $46,000 cash for land. Purchased medical supplies for $1,800 on account. Officially opened for business. Paid cash expenses: employees' salaries, $1,600, office rent, $1,900; utilities, $100. Earned service revenue for the month, $8,000, receiving cash. Paid $1,100 on account Print Done .X 10 he our blies.) Jozefina Floces opened a medical ptactice. During July, the first month of operatbon, the business, tieled J. Floros, MO. experionced the folowing evants View the trangactions Analyze the effects of these evants on the accounting equation of the medical practice of J. Flores, MD. Analyze the events chronologically, one transaction at at balance in each account affer onalyzing its efloct on the ay transaction ines.] For transactiono with the same date, be the "Bat" line, includeng zero balance accounts, entering Accounts Payable Com Commen, Confr, = Contributces
Jzefina Floros opened a medical practice. During July, the first month of operation, the business, titled J. Floros, MD, experienced the following events: View the transactions. Analyze the effects of these events on the accounting equation of the medical practice of J. Floros, MD. Analyze the events chronologically, one transaction at a ti balance in each account after analyzing its effect on the a transaction lines ] For transactions with the same date, be the "Bal" line, including zero balance accounts, entering Accounts Payable, Com. = Common, Contr. = Contributed Liab. 7/6 Assets + Cash + Med + Land N A/P Sup CAG + Transactions Jul. 6 Jul. 9 Jul. 12 Jul. 15 Jul. 20 Jul. 31 Jul. 31 k Received a contribution of $55,000 from Floros and opened a bank account in the name of J. Floros, MD. The corporation issued common stock to Floros Paid $46,000 cash for land. Purchased medical supplies for $1,800 on account. Officially opened for business. Paid cash expenses: employees' salaries, $1,600, office rent, $1,900; utilities, $100. Earned service revenue for the month, $8,000, receiving cash. Paid $1,100 on account Print Done .X 10 he our blies.)
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