Ned Wright opened a medical practice in San Diego, California, and had the following transactions during the month of January. (Click the icon to view the January transactions.) Journalize the transactions of Ned Wright, M.D. Include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: The business received $37,000 cash and issued common stock to Wright. Date Accounts and Explanation Debit Credit Jan. 1 Jan. 2: Purchased medical supplies on account, $15,000