Samantha Stamford opened a medical practice. During July, the first month of operation, the business, titled Samantha Stamford, M.D., 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 Samantha Stamford, M.D. Analyze the events chronologically, one transaction at a time. Beginning with the transaction on the 6th, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. (Complete only the necessary answe transaction lines. [Do not enter any zeros for your transaction lines.] 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. Abb A/P = Accounts Payable; Cap. = Stamford, Capital; Exp. = Expense; Liab. = Liabilities; Med. = Medical; Rev. = Revenue; Sal. = Salaries; Sup. = Supplies; Withdr. = Stamford, Withdrawals.) ASSETS LIAB. EQUITY ......... Cash + Med. + Land A/P . + - Sal. More info Rent - Utilities Withdr. + Service Rev. Sup. Exp. Exp. Exp. 7/6 + + 65,000 + 65,000+ (52,000) 13,000 + 7/9 52.000 + + Bal 0 0 0 + 0 + 65,000 1,600 7/12 + 52,000 1,600 1,600 + 52,000 + + + July 6 Stamford contributed $65,000 in the business by opening a bank account in the name of S. Stamford, M.D. The business gave capital to Stamford. 9 Paid $52,000 cash for land. 12 Purchased medical supplies for $1,600 on account. 15 Officially opened for business. 20 Paid cash expenses: employees' salaries, $1,500; office rent, $1,300; utilities, $350. 31 Earned service revenue for the month, $8,000, receiving cash 31 Paid $800 on account. Bal. 13,000 + 1,600 + 65,000 0 0 + 0 0 7/15 + + + Bal