More Info July 6 Satterly contributed $50,000 in the business by opening a bank account in the name of L. Satterly, M.D. The corporation issued common stock to Satterly 9 Paid $35,000 cash for land. 12 Purchased medical supplies for $2,400 on account. 15 Officially opened for business. 20 Paid cash expenses: employees' salaries, $1,300; office rent, $1,200; utilities, $300 31 Earned service revenue for the month, $14,000, receiving cash. 31 Paid $1,900 on account. Print Done