More Info Jul. 6 Received a contribution of $72,000 from Stamford and opened a bank account in the name of S. Stamford, MD. The corporation issued common stock to Stamford. 9 Paid $50,000 cash for land. 12 Purchased medical supplies for $2,500 on account. 15 Officially opened for business. 20 Paid cash expenses: employees' salaries, $1,100; office rent, $800; utilities, $400. 31 Earned service revenue for the month, $11,000, receiving cash. 31 Paid $1,960 on account. Print Print Done Done Assets = Liab. Equity Contr. Capital + Retained Earnings + Service - Sal. - Rent Cash + Med. + Land = A/P + Com. - Div. - Utilities Sup. Stock Rev. Exp. Exp. Exp. 7/6 + + + + 7/9 + + + + Bal. + + + + 7/12 + + + + Bal. + + + + 7/15 + + + + Bal. + + + + 7/20 + + + + Bal. + + + + 7/31 + + + + Bal. + + + + 7/31 + + + + Bal. + + + Enter any number in the edit fields and then continue to the next