Or we table and leave Jan 6: Grayson invested $142,000 in the business, which in turn issued its common stock to her. Journal Entry Accounts and Explanations Date Debit Credit Jan 6 Jan 9: The business paid cash for land costing $58,000. Grayson plans to build an office building on the land. Journal Entry Accounts and Explanations Date Debit Credit Jan 7 explanations on the last line of the journal entry table. If an entry is not required, select "No entry required on the first line of the table and le Jan 12: The business purchased medical supplies for $1,900 on account Journal Entry Accounts and Explanations Date Debit Credit Jan 12 Jan 15: Dr. Anna Grayson, P.C. officially opened for business. Journal Entry Accounts and Explanations Date Debit Credit Jan 15 Le Dl. Alha Grayson, Professional Corporation (P.C.), experienced the following events (Click the icon to view the events.) Requirement 1. Record the transactions in the journal of Dr. Anna Grayson PC. List the transactions by date and give an explanation for each transaction (Record debits first, then credits. Select explanations on the last line of the journal entry table. If an entry is not required, select "No entry required" on the first line of the table and leave all other cells blank.) Jan 15-31: During the rest of the month. Grayson treated patients and earned service revenue of $8,600, receiving cash for half the revenue earned (Record this transaction as occurring on the last day of the month.) Journal Entry Accounts and Explanations Date Debit Credit Jan Jan 15-31: The business paid cash expenses employee salaries $2.600; office rent. $800; utilities, $1,400. (Record this transaction as occurring on the last day of the month. Prepare a single compound journal entry.) Journal Entry Date Accounts and Explanations Debit Credit Jan Jan 31: The business sold supplies to another physician for cost of $500 and received cash. Journal Entry Accounts and Explanations Date Debit Credit Jan Jan 31: The business borrowed $39,000, signing a note payable to the bank. Journal Entry Date Accounts and Explanations Debit Credit Jan Jan Jan 31: The business paid $500 on account. Journal Entry Accounts and Explanations Date Debit Credit Jan Choose from any list or enter any number in the input fields and then continue to the next question More Info Jan 6 9 Trowed $39,000, signing 12 Journ Accounts and Exp 15 15-31 Grayson invested $142,000 in the business, which in turn issued its common stock to her. The business paid cash for land costing $58,000. Grayson plans to build an office building on the land. The business purchased medical supplies for $1,900 on account Dr. Anna Grayson, P.C. officially opened for business. During the rest of the month, Grayson treated patients and earned service revenue of $8,600, receiving cash for half the revenue earned The business paid cash expenses: employee salaries, $2,600; office rent $800, utilities, $1,400 The business sold medical supplies to another physician for cost of $500 and received cash. The business borrowed $39,000, signing a note payable to the bank. The business paid $500 on account 15-31 31 31 31 d $500 on account Joum Print Done