More info Jul. 6 Stanley contributed $68,000 in the business by opening a bank account in the name of P. Stanley, MD. The business gave capital to to Stanley. Jul. 9 Paid $56,000 cash for land. Jul. 12 Purchased medical supplies for $1,800 on account. Jul. 15 Officially opened for business. Jul. 20 Paid cash expenses: employees' salaries, \$1,200; office rent, $1,100; utilities, $100. Jul. 31 Earned service revenue for the month, $15,000, receiving cash. Jul. 31 Paid $1,050 on account. Paige Stanley opened a medical practice. Duting July, the first month of operation, the business, tited Paige Stanley. M. D., experlenced the following events: 1. (Cick the icon to view the fransactions) Aalyze the effects of these events on the accounting equation of the medical practice of Paige Stanley, M.D. account atter 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.) Fo transactons with the samo date, bo sure to ontor each transaction on a sococote line in the order presontod in the problom. Carfy down all balances to the "Bal." Ine. incliding zaro balar accounts, entering a "0" for any zero balancos. Enter a decrease in an account wht a minus sign or parentheses. Abtereviations used A AP = Acoounts Payable; Cap: = Stanley, Capital; I Expense: Liab, = Liabilfes; Med, = Medical; Rex, = Revenue; Sal = Salarles; Sup, = Supplies: Whthdr, = Stanley, Wutherawals.) ng I (Asynchronous ( 100% Online)) 41844 Question 1 of 4 This test: 4 point(s) poss This question: 1 point(s) Paige Stanley opened a medical practice. During July, the first month of operation, the business, titled Paige Stanley, M.D., experienced the follov (i) (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Paige Stanley, M.D