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Rebecca Sampson opened a medical practice. During July, the first month of operation, the business, titled Rebeoca Sampson, M0, experienced the following events (Click the
Rebecca Sampson opened a medical practice. During July, the first month of operation, the business, titled Rebeoca Sampson, M0, experienced the following events (Click the icon to view the transactions.) Aralyze the ellects of these events on the accounting equation of the medical practice of Rebocca Sampson, MD. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 6 th. For each transaction that follows the traresaction en the 6ilh, 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 zoros for your transaction lines ) For transactions with the same date, be sure to enter each trantaction on a jenarate line in the order presented in the probiem Carry down al balances to the "Bat "line. Including zero balance accounts, entoring a "0" for ary zero balances. Enter a decrease in an account with a minus sign or parentheses Sal = Salaries, Sup = Supplies ) More info Jul.'6 Received a contribution of $65,000 from Sampson and opened a bank account in the name of R. Sampson, MD. The corporation issued common stock to Sampson. Jul. 9 Faid $50,000 cash for land. Jul. 12 Purchased medical supplies for $2,500 on account. Jul. 15 Officially opened for business. Jul. 20 Paid cash expenses: employees' salaries, $800; office rent, $1,600; utilities, $250. Jul. 31 Earned service revenue for the month, $8,000, receiving cash. Jul. 31 Paid $1,850 on account
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