Lauren Satterly opened a medical practice During July, the first month of operation, the business, titled Lauren Satterly, M.D., experienced the following events (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Lauren Satterly. M.D. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account after analyzing its effect on the accounting equation (Complete only the necessary answer boxes for your transaction lines. Do not enter any zeros for your transaction lines] For transactions with the same date, be sure to enter each transaction on a separate line in the order presented in the problem Carry down all balances to the "Bal" line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses Abbreviations used A/P Accounts Payable Cap Satterly, Capital Exp Expense, Liab Liabilities. Med Medical Rev Revenue, Sal Salaries: Sup Supplies. Withdr Satterly, Withdrawals) LIAB + 716 ASSETS EQUITY Cash Med Land A/P Cap Withdr Service Sal Rent timtes Sup Rev Exp Exp Exp Jul. 6 Satterly contributed $52,000 in the business by opening a bank account in the name of L. Satterly, MD. The business gave capital to to Satterly. Jul. 9 Paid $42,000 cash for land. Jul. 12 Purchased medical supplies for $2,000 on account. Jul. 15 Officially opened for business. Jul. 20 Jul. 31 Paid cash expenses: employees' salaries, $1,700; office rent, $1,400; utilities, $550. Earned service revenue for the month, $13,000, receiving cash. Jul. 31 Paid $1,550 on account.