= Shannon Lynch opened a medical practice titled Shannon Lynch M.D., Inc. During August, the first month of operations, the business experienced the following events Calculate the updated balances for all the accounts after entering each transaction. (If a box is not used in the transaction, leave the box empty; 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 zero balance accounts. Enter decreases with a minus sign or parentheses.) August 2: Lynch bought $45,000 of common stock in the business by opening a bank account in the name of Shannon Lynch M.D., Inc. = Liabilities + Assets Stockholders' equity Cash + Med sup + Land = AP + CS + Retained earnings Serv rev Rent exp - Util exp 2) 45,000 + + 0 Bal 45,000 + 0 + = + 45,000 + 0 0 0 + 45,000 + 0 0