Sarah Lynch opened a medical practice titled Sarah Lynch MD, Inc. During August, the first month of operations, the business experienced the following events Click the icon to view the events.) Read the great Calculate the updated balances for all the accounts after entering each transaction (if a box is not used in the transaction leave the box omoly do not enter a zero. If an event does not affect the accounts of the business, leave the entire transaction line blank. Carry down all balances, including zoro balance accounts. Enter decreases with a sign or parentheses August 2 Lynch bought 565,000 of common stock in the business by opening a bank account in the name of Sarah Lynch MD., Inc., - Liabilities - Stockholders' equity Cash Med sup - Land AP CS + Retained earnings Server - Rent exp . Ull exp Enter any number in the edit fields and then click Check Answer thes Aug 2 Lynch bought $65,000 of common stock in the business by opening a bank account in the name of Sarah Lynch M.D., Inc 6 The business paid $50,000 cash for land with the intention of building an office building on the land. 11 The business purchased medical supplies for $1,200 on account. 15 The business officially opened for business 17 The business treated patients and earned service revenue of $14,000, receiving cash. 19 The business paid office rent, $1,000 22 The business sold supplies to another doctor for $450 cash, the cost of those supplies. 25 The business received a $150 utility bill in the mail. The bill will be paid in 30 days. 30 The business paid $250 on account related to the August 11 purchase