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Score: 0 of 1 pt 9 of 31 (10 complete) HW Score: 29.39%, 9.11 of 3 S2-8 (similar to) Grace Patel, MD, opened a medical

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Score: 0 of 1 pt 9 of 31 (10 complete) HW Score: 29.39%, 9.11 of 3 S2-8 (similar to) Grace Patel, MD, opened a medical practice. The business completed the following transactions: Jul 1 Patel invested $34,000 cash to start her medical practice. The business issued common stock to Patel. 2 Purchased medical supplies on account totaling $8,400. 3 Paid monthly office rent of $5,000. 6 Recorded $8,300 revenue (in cash) for service rendered to patients. After these transactions, how much cash does the business have to work with? Use a T-account to show your answer. Begin by posting the transactions, using the date as a posting reference. Then, label and calculate the ending balance, using "Bal" as the posting reference. Cash

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