{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T07:06:37-04:00", "answer_date": "2024-05-26 07:06:37", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1726473", "url": "\/study-help\/questions\/paige-stanley-opened-a-medical-practice-during-july-the-first-1726473", "question_creation_date_js": "2024-05-26T07:06:37-04:00", "question_creation_date": "May 26, 2024 07:06 AM", "meta_title": "[Solved] Paige Stanley opened a medical practice. | SolutionInn", "meta_description": "Answer of - Paige Stanley opened a medical practice. During July, the first month of operation, the business, titled Paige Stanley | SolutionInn", "meta_keywords": "paige,stanley,opened,medical,practice,july,first,month,operation,business,titled,md", "question_title_h1": " Paige Stanley opened a medical practice. During July, the first month of operation, the business, titled Paige Stanley, MD, experienced the following events (Click", "question_title": " Paige Stanley opened a medical practice. During July, the first month", "question_title_for_js_snippet": "Paige Stanley opened a medical practice During July, the first month of operation, the business, titled Paige Stanley, MD, experienced the following events (Click the icon to view the transactions ) Analyze the effects of these events on the accounting equation of the medical practice of Paige Stanley, MD Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th For each transaction that follows the transaction on the 6th, calculate the balance in each account after 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 For transactions with the same date, be sure to enter each transaction on a separater line in the order presented in t problem Carry down all balances to the Bal line, including zero balance accounts, entering a 0 for any zero balances Enter a decrease in an account with a minus sign or parentheses Abbreviations used A P Accounts Payable Com Common Contr Contributed Div Dividends Exp Expense Liab Liabilities Med Medical Rev Revenue Sal Salaries Sup Supplies ) Assets Equity Liab Contr Capital Retained Eamings Cash Med Land A P Com Div Service Sal Rent Ustibles Sup Stock Rev Exp Exp Exp", "question_description": "\"image\"image", "transcribed_text": "Paige Stanley opened a medical practice. During July, the first month of operation, the business, titled Paige Stanley, MD, experienced the following events (Click the icon to view the transactions.) Analyze the effects of these events on the accounting equation of the medical practice of Paige Stanley, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6th. For each transaction that follows the transaction on the 6th, calculate the balance in each account after 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.] For transactions with the same date, be sure to enter each transaction on a separater line in the order presented in t problem. Carry down all balances to the \"Bal.\" line, including zero balance accounts, entering a \"0\" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A\/P = Accounts Payable; Com. Common; Contr. Contributed: Div Dividends; Exp Expense; Liab Liabilities: Med Medical; Rev. Revenue; Sal. Salaries; Sup. Supplies.) Assets Equity Liab + Contr Capital + Retained Eamings Cash Med. + Land A\/P Com Div. + Service Sal Rent Ustibles Sup. Stock Rev Exp. Exp. Exp", "related_book": { "title": "Intermediate Accounting", "isbn": "9780470587232, 470587288, 470587237, 978-0470587287", "edition": "14th Edition", "authors": "kieso, weygandt and warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/51.jpg", "uri": "\/textbooks\/intermediate-accounting-14th-edition-51", "see_more_uri": "" }, "free_related_book": { "isbn": "1862901147", "uri": "\/textbooks\/understanding-finance-with-the-australian-financial-review-1st-edition-9781862901148-98505", "name": "Understanding Finance With The Australian Financial Review", "edition": "1st Edition" }, "question_posted": "2024-05-26 07:06:37", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/fundamentals-of-taxation\/terri-is-single-and-age-32-she-reported-agi-of", "description": "Terri is single and age 32. 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