Score: 0 of 1 pt E2-20A (similar to) Dr. Kim Fleming opened a medical practice specializing in physical therapy During the first month of operation (January), the Question Help business, ited Dr. Kim Fleming, Professional Corporation (PC.) experienced the folowing events (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 Kim Fleming, PC. Begin with the first transaction on January 6 aJse parentheses or a mwwis sagn when decreasing accounts if a bo transactions in the same order as they appear in the original list.) or a minus sign when decreasing accounts. If a box is not used in the table leave the bax empty, do not enter a zero Enter the LiabiliesStockholders' Equity Accts Note Common Retained Type of Equity Assets Accts Medical Transaction Cash Rec.SuppliesLandPay PayableStockEamings T Jan 6 Requirements 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. K0m Fleming, PC 2. After completing the analysis, answer these questions about the business a. How much are total assets? b. How much does the business expect to collect from patients? C. How much does the business owe in total? d. How much of the business's assels does Fleming really own? e. How much net income or net loss did the business experience during its first month of operations? More info Print Done Jan 6 Flemng invested $150,000 in the business, which in turn issued ts common stock to her 9 The business paid cash for land costing $61.000 Fleming plans to build an office building on the land 12 The business purchased medical supplies for $2,100 on account 15 Dr. Kim Fleming P.C, oficialy opened for business During the rest of the month Fieming treated patents and earned service revenue of 59 700, receving cash for haif the revenue earned The business paid cash expenses employee salaries, $3,200, office rent $1.700 utities $600 (Record the cash amount as a total and identify and record any other amounts separately) 15-31 15-31 31 The business sold supplies to another physician for cost of $800 and received cash 31 The business borrovwed $38000 signing a note payable to the bank Print Done