More info 6 Morin invested $153,000 in the business, which in turn issued its common stock to her. Jul Jul 9 Jul 12 Jul 15 Jul 15-31 The business paid cash for land costing $63,000. Morin plans to build an office building on the land. The business purchased medical supplies for $2,400 on account. Dr. Char Morin, P.C., officially opened for business. During the rest of the month, Morin treated patients and earned service revenue of $9,400, receiving cash for half the revenue earned. Jul 15-31 The business paid cash expenses: employee salaries, $3,200; office rent, $1,200; utilities, $1,200. (Record the cash amount as a total and identify and record any other amounts separately.) Jul 31 333 31 Jul Jul 31 The business sold supplies to another physician for cost of $100 and received cash. The business borrowed $34,000, signing a note payable to the bank. The business paid $1,300 on account. Print Done Dr. Char Morin opened a medical practice specializing in physical therapy. During the first month of operation (July), the business, titled Dr. Char Morin, Professional Corporation (P.C.), experienced th following events: Click the icon to view the events.) Read the requirements Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Char Morin, P.C Begin with the first transaction on July 6. (Use parentheses or a minus sign when decreasing accounts. If an input field is not used in the table leave the field empty, do not enter a zero. Enter the transa the same order as they appear in the original list.) Assets Liabilities Stockholders' Equity Retained Type of Equity Cash Jul 6 153,000 9 (63,000) Accts Medical Accts Note Rec + Supplies + Land Pay Payable Common Stock 153,000 Earnings Transaction Issued stock 63,000 2.400 2,400 12 15 15-31 4,700 4,700 15-31 5,600 9,400 Service revenue Salary expense Rent expense Utilities expense