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Assets Owner's equity Cash Scott, Capital Drawing Fees Income Supplies ' Rent expense Equipment 1 Salaries expense I Liabilities Accounts Payable Dr. Transactions For Dr. Scott 1. Dr. Scott opened his practice, investing $50,000 in cash 2. Bought office equipment for $27,000 on account from Medical Products Inc. 3. Paid $2000 for various medical supplies for the office 4. Received $11,600 in fees earned during the first month of operations. 5. Paid rent for January, $900 6. Paid medical assistant salary for the month $1800 7. Paid Medical Products Inc. $3000 on account 8. Withdrew $1,500 for personal use Complete the chart of accounts and trial balance on the following page