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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.)
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