r. Jaqueline Favata opened a medical practice specializing in physical therapy. During the first month of operation (January), the business, title i (Click the icon to view the events.) Read the requirements Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Jaqueline Favata, P.C. Begin with the first transaction on January 6. (Use parentheses or a minus sign when decreasing accounts. If a box is not used in the table leave Assets Liabilities Stockholders' Equity Accts Medical Accts Note Common Retained Cash + Rec + Supplies + Land Pay + Payable + Stock + Earnings Type of Equity Transaction Issued stock Jan 6 147,000 147,000 9 (58,000) 58,000 12 1,900 1,900 15 15-31 * More Info - X AC Re Jan 6 Favata invested $147,000 in the business, which in turn issued its common stock to her 9 The business paid cash for land costing $58,000. Favata plans to build an office building on the land 12 The business purchased medical supplies for $1,900 on account. 15 Dr. Jaqueline Favata, PC, officially opened for business 15-31 During the rest of the month, Favata treated patients and earned service revenue of $9,900, receiving cash for half the revenue earned. 15-31 The business paid cash expenses employee salaries $3,100; office rent, $900; utilities, $400 (Record the cash amount as a total and identify and record any other amounts separately.) 31 The business sold supplies to another physician for cost of $500 and received cash. 31 The business borrowed $31,000, signing a note payable to the bank 31 The business paid $500 on account er Print Done